Barclays raised the firm's price target on RLJ Lodging Trust to $9 from $6 and keeps an Underweight rating on the shares. The firm upped hotel real estate investment trust estimates and price targets citing stronger operating performance year-to-date. However, the lodging sector's recent relative outperformance is "too far, too fast" versus the underlying earnings stream, making Barclays "incrementally cautious on valuation," the analyst tells investors in a research note.
