Information Provided By:
Fly News Breaks for August 14, 2018
CHH
Aug 14, 2018 | 09:05 EDT
Barclays analyst Felicia Hendrix believes Choice Hotels' Q2 results came with "puts and takes." On the plus side, Choice beat EBITDA expectations, embarked on a new brand initiative for Comfort which could benefit 2019, and repurchased stock at a higher level than it has in several years, Hendrix tells investors in a post-earnings research note. However, the analyst points out that the upside was driven by increased partner service revenue and that Choice faces tough comps in the second half of 2018. While the company continues to generate franchising EBITDA growth, more consistent RevPAR and stronger unit growth are likely needed to drive additional share price gains from current levels, Hendrix concludes. She keeps an Underweight rating on Choice Hotels with a $77 price target.
News For CHH From the Last 2 Days
There are no results for your query CHH