Chatham Lodging price target lowered to $11 from $12 at Alliance Global Partners

Alliance Global Partners lowered the firm’s price target on Chatham Lodging (CLDT) to $11 from $12 and keeps a Buy rating on the shares after the company reported Q4 results and held its earnings call. Leverage is at “historically low levels and Chatham had ample liquidity,” notes the analyst, who points out that the 2025 outlook implies RevPAR increases and stable margins at the midpoint.