Barclays analyst Anthony Powell upgraded Apple Hospitality REIT to Overweight from Equal Weight with an unchanged price target of $18. With "strong" cash returns, a lower mix of higher price urban markets, and higher mix of suburban and non-top 25 markets, Apple Hospitality offers exposure to "differentiated demand trends and relatively stable cash flows" within the lodging real estate investment trust subsector, Powell tells investors in a research note. He views the current multiple and 7.8% yield as one of the more attractive entry points for the stock since his January 2018 initiation. The stock's outperformance could continue through at least year end, says the analyst.