Morgan Stanley raised the firm’s price target on Choice Hotels (CHH) to $139 from $131 and keeps an Underweight rating on the shares. 2025 outlooks resemble 2024 in lodging, with low RevPAR, stable net unit growth, but a challenged development backdrop, notes the firm, which recommends investors stick with names able to sustain, or even grow, in-construction pipelines with limited use of capital.
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Read More on CHH:
- Choice Hotels price target lowered to $137 from $138 at Wells Fargo
- Choice Hotels price target raised to $160 from $145 at Baird
- Choice Hotels price target raised to $155 from $130 at Susquehanna
- Choice Hotels Delivers Strong Earnings Amid Development Challenges
- Choice Hotels price target raised to $132 from $129 at Barclays