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Fly News Breaks for January 6, 2020
CHH
Jan 6, 2020 | 09:48 EDT
BofA analyst Shaun Kelley downgraded Choice Hotels to Underperform from Neutral with a $95 price target. The analyst cites valuation and the stock's risk/reward for the downgrade following the "impressive" 46% total return in 2019. While momentum and cyclical optimism have driven the shares higher, RevPAR trends in the hotel space remain challenging, particularly for lower end chain scales, Kelley tells investors in a research note. The analyst is now cautiously positioned across the sector.
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.
