Choice Hotels downgraded to Hold from Buy at Jefferies
The Fly

Choice Hotels downgraded to Hold from Buy at Jefferies

Jefferies downgraded Choice Hotels (CHH) to Hold from Buy with an unchanged price target of $150. The shares has re-rated post the Wyndham Hotels (WH) deal pursuit and the valuation “appears appropriately balanced,” the analyst tells investors in a research note. The firm believes Choice’s “valuation hierarchy in the group” versus its larger peers “is now sensibly placed.”

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