Choice Hotels price target raised to $145 from $138 at Baird

Baird analyst Michael Bellisario raised the firm’s price target on Choice Hotels (CHH) to $145 from $138 and keeps an Outperform rating on the shares. The firm said fundamental trends continue to directionally improve and estimates are still increasing, while investor sentiment and positioning remain negative. Baird likes that setup, which supports its positive view, but they see less upside potential given the recent increase in the stock price.