Morgan Stanley downgraded GreenTree Hospitality to Underweight from Equal Weight with an unchanged price target of $4 based on the firm’s stock-picking framework for China hotels. For GreenTree, currently 70% of its hotels are in the lower-tier cities and this mix will remain, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GHG: