Baird lowered the firm’s price target on Choice Hotels to $137 from $140 and keeps an Outperform rating on the shares. The firm said it’s no secret that RevPAR trends have been weaker than expected and investor sentiment negative as a result, but comparisons should become less challenging throughout the year.
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>>
Read More on CHH:
- Choice Hotels price target lowered to $114 from $122 at Barclays
- 3 Best Hotel Stocks to Buy in April 2024, According to Analysts
- Solar Eclipse: Stocks Are Expecting a Celestial Boost
- Ex-Dividend Date Nearing for These 10 Stocks – Week of April 1, 2024
- Choice Hotels promotes Kunduri to Chief of Product Engineering