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Fly News Breaks for September 8, 2017
RLJ
Sep 8, 2017 | 07:25 EDT
Canaccord analyst Ryan Meliker upgraded RLJ Lodging Trust to Buy from Hold as he is more incrementally optimistic about the company's RevPAR growth and the broader industry's in Q4 and 2018. He said the current valuation represents multiple upside not just from RevPAR growth but from execution on asset sales as well. Meliker raised his price target to $23 from $21 on RLJ shares.
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