H World Group price target raised to $53.60 from $51.50 at HSBC

HSBC analyst Lina Yan raised the firm’s price target on H World Group to $53.60 from $51.50 and keeps a Buy rating on the shares. The company’s’ Q1 results slightly beat expectations on growth and core profit level, the analyst tells investors in a research note. The firm says H World’s “prudent expansion” should support resilient earnings and further boost shareholder returns.