Truist analyst C. Patrick Scholes upgraded Choice Hotels (CHH) to Buy from Hold with a price target of $126, up from $111. The upgrade is driven by expectations for stronger 2026 RevPAR growth than the Street anticipates, which should support both earnings upside and valuation multiple expansion, the analyst tells investors in a research note. RevPAR growth turning positive should be an important driver of improving sentiment for Choice Hotels, the firm adds.
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