Morgan Stanley raised the firm’s price target on Choice Hotels (CHH) to $139 from $131 and keeps an Underweight rating on the shares. 2025 outlooks resemble 2024 in lodging, with low RevPAR, stable net unit growth, but a challenged development backdrop, notes the firm, which recommends investors stick with names able to sustain, or even grow, in-construction pipelines with limited use of capital.
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