Truist analyst Patrick Scholes raised the firm’s price target on Choice Hotels to $132 from $120 and keeps a Hold rating on the shares. The analyst is updating the firm’s valuation model following Q4 earnings in the Lodging space while also citing the analysis of millions of future reservations for U.S. hotels from multiple "big data" sources and conversations with hotel owner/manager contacts and executives at very large travel agencies.
Published first on TheFly
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- Baird upgrades Choice Hotels with ‘noise’ in ‘rearview mirror’
- Choice Hotels upgraded to Outperform from Neutral at Baird
- Choice Hotels Increases Quarterly Cash Dividend
- Choice Hotels raises quarterly dividend 21% to 28.75c from 23.75c per share
- Choice Hotels price target raised to $120 from $107 at Barclays
