As previously reported, Argus initiated coverage of Choice Hotels with a Buy rating and $145 price target. The analyst cites the company’s “strong” Q2 results and raised guidance while also noting its track record of navigating through difficult economic conditions. Argus further states that Choice Hotels should continue to ben- efit from the integration of Radisson Hotels acquired in 2022 and is also positive on the company’s focus on its extended-stay brands. The firm also contends that Choice Hotel appears favorably valued relative to historical P/E and EV/EBITDA multiples.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CHH:
- Choice Hotels price target raised to $143 from $133 at Truist
- Choice Hotels Announces Quarterly Cash Dividend
- Choice Hotels promotes Dominic Dragisich to chief global brand officer
- Choice Hotels files automatic mixed securities shelf
- Choice Hotels price target raised to $123 from $115 at Deutsche Bank