Barclays analyst Brandt Montour raised the firm’s price target on Choice Hotels (CHH) to $101 from $98 and keeps an Underweight rating on the shares following the Q4 report. The company’s “conservative” RevPAR guidance creates likely upside to estimates with any improvement to the macro backdrop from here, the analyst tells investors in a research note. However, Barclays has little confidence in sustainable acceleration in net rooms growth for Choice.
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Read More on CHH:
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