Northland analyst Nehal Chokshi initiated coverage of LuxUrban Hotels with an Outperform rating and $8 price target. Proprietary data points and the firm’s “rigorous analysis” give it confidence that LuxUrban is a 14% free cash flow margin company at maturity, the analyst tells investors. LuxUrban is “well positioned” to pick up about 5% share of 124,000 New York City hotel rooms exposed to interest rate risk over the next three years and the firm expects the company to generate about $80M of free cash flow by calendar year 2027, the analyst added.
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