Oppenheimer raised the firm's price target on RLJ Lodging Trust to $13 from $10 and keeps an Outperform rating on the shares. The firm recently caught up with RLJ Lodging Trust to discuss common investor questions and key debates. Oppenheimer continues to believe the company is in a favorable position given its footprint in urban markets, substantial financial flexibility, and exposure to sustainable demand drivers. A strong management team and capital allocation track record are positives as well, the firm argues.
