Selina Hospitality initiated with a Buy at EF Hutton

EF Hutton analyst Edward Reilly initiated coverage of Selina Hospitality with a Buy rating and $6.50 price target. Selina – a fast-growing lifestyle hospitality brand with 118 locations that caters to Millenials and Gen Z – is mis-priced relative to hospitality peers "due to the market’s current aversion to recently completed SPAC transactions," Reilly contends. Given this mis-pricing, he sees "a compelling opportunity to purchase a fast-growing hospitality brand at a significant discount" at current levels, the analyst tells investors.