HSBC analyst Lina Yan raised the firm’s price target on H World Group to $57.20 from $45.10 and keeps a Buy rating on the shares. The shares are "still at the early stage of a re-rating," Yan tells investors in a research note. This will be driven by the upcycle in RevPAR based on the tightened supply and recovery in travel demand post reopening, says the analyst.
Published first on TheFly
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