Benchmark analyst Fawne Jiang raised the firm’s price target on H World Group to $64 from $45 and keeps a Buy rating on the shares, stating that the company reported "inline" Q4 results and "upbeat" Q1 guidance. Effective cost control enables a leaner and more efficient operation, which "promises higher earnings growth power," said the firm, adding that it remains "a firm believer" that HTH World is "a market leader and consolidator in China’s hotel industry."
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Read More on HTHT:
- H World Group sees 2023 revenue growth 42%-46%
- H World Group sees Q1 revenue growth 61%-65%
- H World Group reports Q4 EPS (RMB 0.04) vs. (RMB 0.15) last year
- H World Group Limited Reports Fourth Quarter and Full Year of 2022 Unaudited Financial Results
- Huazhu Group (HTHT) Q4 Earnings Cheat Sheet
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