Morgan Stanley analyst Stephen Grambling lowered the firm’s price target on Choice Hotels (CHH) to $115 from $124 and keeps an Underweight rating on the shares. The firm has lowered estimates for lodging and timeshare stocks in its coverage on weaker demand indicators and tweaked down multiples to mark to market, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHH:
- Choice Hotels price target lowered to $111 from $132 at Barclays
- Apple upgraded, Wayfair downgraded: Wall Street’s top analyst calls
- Choice Hotels upgraded to Buy from Sell at Goldman Sachs
- Choice Hotels price target lowered to $133 from $154 at Jefferies
- Choice Hotels upgraded to Neutral from Sell at Redburn Atlantic