Barclays raised the firm’s price target on Choice Hotels to $114 from $112 and keeps an Underweight rating on the shares. The analyst says softer RevPAR against stronger net unit growth equates to a neutral near-term outlook for the U.S. lodging group, while valuation multiples have expanded. The firm remains selective on stocks until RevPAR shows signs of bottoming.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CHH:
- Choice Hotels Eyes Board Nomination at Wyndham 2024 Meeting
- Wyndham Hotels & Resorts comments on Choice Hotels’ director nominations
- Choice Hotels proposes eight nominees for Wyndham Hotels & Resorts board
- Choice Hotels Proposes a Full Slate of Independent, Highly Qualified Individuals for Election at the 2024 Annual Meeting of Wyndham Hotels & Resorts
- Choice Hotels nominates eight directors to Wyndham board, Reuters reports
