JPMorgan analyst Daniel Politzer upgraded Choice Hotels (CHH) to Neutral from Underweight with a price target of $95, down from $102. The firm believes the stock’s current accurately reflects its “muted” growth prospects relative to peers. It cites valuation for the upgrade with the shares down 39% year-to-date. After being worst-performing stock in the gaming and lodging group, Choice’s risk/reward is more balanced, the analyst tells investors in a research note.
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Read More on CHH:
- Choice Hotels price target lowered to $111 from $128 at Truist
- Choice Hotels price target lowered to $95 from $140 at Susquehanna
- Choice Hotels price target lowered to $110 from $122 at Baird
- Choice Hotels initiated with an Underweight at Wells Fargo
- Choice Hotels price target lowered to $99 from $101 at Barclays