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Fly News Breaks for January 7, 2020
RLJ
Jan 7, 2020 | 08:14 EDT
Raymond James analyst William Crow upgraded RLJ Lodging Trust to Outperform from Market Perform with a $20 price target. In a research note to investors, Crow says he felt "incrementally better" about RLJ exiting the Q3 earnings season, as the company has amassed considerable balance sheet dry powder--not necessarily unique in the sector, and unlike many other lodging REITs, RLJ has a series of value-creating investment opportunities within its existing portfolio.
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