Deutsche Bank raised the firm’s price target on Choice Hotels to $128 from $123 and keeps a Hold rating on the shares following a period of restriction. The firm updated its model to reflect the company’s recent results and its updated forecasts. Deutsche believes its multiple assumptions are appropriately based on historical multiples at this stage of the lodging cycle and within the current environment.
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Read More on CHH:
- Choice Hotels price target raised to $146 from $142 at Truist
- Choice Hotels price target raised to $140 from $138 at Baird
- Choice Hotels price target raised to $122 from $119 at Barclays
- M & A News: Choice (NYSE:CHH) Abandons Acquisition of Wyndham
- Choice Hotels upgraded to Buy from Underperform at Jefferies
