BofA raised the firm’s price target on Choice Hotels (CHH) to $165 from $160 and keeps a Buy rating on the shares. The firm, which “tweaks” estimates ahead of Q4 earnings, expects Q4 beats from the lodging group as it notes that RevPAR tracking is above the high end of outlook ranges and 200 basis points ahead of the firm’s prior estimates.
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Read More on CHH:
- 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
- Choice Hotels price target raised to $135 from $122 at JPMorgan