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Fly News Breaks for August 14, 2019
CHH
Aug 14, 2019 | 05:59 EDT
Barclays analyst Anthony Powell raised his price target for Choice Hotels to $85 from $81 while keeping an Underweight rating on the shares. Choice reported "solid" Q2 results as procurement services continues to generate outsized revenue growth, Powell tells investors in a research note. Further, he believes the company's RevPAR growth should improve in Q3 due to solid summer leisure demand and easier comps. However, with shares at all-time highs, Choice's "appeal appears to be already reflected in the shares," argues the analyst.
News For CHH From the Last 2 Days
CHH
Apr 19, 2024 | 05:14 EDT
Barclays lowered the firm's price target on Choice Hotels to $114 from $122 and keeps an Underweight rating on the shares as part of a Q1 lodging sector preview. The firm says the Easter shift dragged down March, making Q1 RevPAR beats less than likely. However, the analyst still expects more or less in-line EBITDA for the large caps.
