Atour Lifestyle price target raised to $37.30 from $29.20 at UBS

UBS raised the firm’s price target on Atour Lifestyle (ATAT) to $37.30 from $29.20 and keeps a Buy rating on the shares. The price target increase reflects potential faster-than-expected retail revenue growth and strong hotel network expansion given the company’s relatively small volume of hotels in operation and high level of market recognition, the analyst tells investors in a research note.