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Truist Financial Lowers RLJ Lodging Trust (NYSE:RLJ) Price Target to $7.00
Truist Financial has reduced its price target for RLJ Lodging Trust (NYSE:RLJ) from $8.00 to $7.00, maintaining a “hold” rating, suggesting a potential 3.5% downside. This follows RLJ’s better-than-expected Q4 earnings and revenue, with the company also providing FY2026 EPS guidance. Institutional investors hold a significant stake in the company, which currently trades near $7.26 with a high P/E ratio.