Wells Fargo raised the firm’s price target on Choice Hotels (CHH) to $138 from $133 and keeps an Underweight rating on the shares. Discussing the lodging space, the firm says that for Q4, it expects EBITDA beats across the board. FY25 guides likely reflect conservative RevPAR forecasts given elevated uncertainty, with solid unit growth bolstered by partnerships/conversions, Wells adds.
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Read More on CHH:
- Choice Hotels price target raised to $165 from $160 at BofA
- Choice Hotels adds Westgate Resorts properties to platform
- Choice Hotels downgraded to Underweight from Equal Weight at Morgan Stanley
- Choice Hotels price target raised to $152 from $150 at Jefferies
- Choice Hotels price target raised to $129 from $123 at Barclays