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Fly News Breaks for May 15, 2019
RLJ
May 15, 2019 | 06:11 EDT
Wells Fargo analyst Jeffrey Donnelly upgraded RLJ Lodging Trust to Outperform from Market Perform and raised his price target for the shares to $20 from $18. The analyst expects management to focus on the core business and believes they should be able to "frame a multi-year pipeline" of return on investment projects by year-end 2019. Further, the remnants of the non-core asset sales will be completed in the near-term, Donnelly tells investors in a research note. He believes RLJ Lodging Trust presents an attractive relative value.
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