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Fly News Breaks for December 19, 2017
RLJ
Dec 19, 2017 | 17:13 EDT
KeyBanc analyst Jordan Sadler upgraded RLJ Lodging Trust to Overweight from Sector Weight with a price target of $25. Sadler says the management's focus on selling non-core assets to reduce leverage or pursue acquisitions should be a catalyst for the stock. The analyst also says the stock is attractively valued, trading at a 8% discount to lodging REIT average 2018 EBITDA multiple.
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