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H World price target raised to $52 from $48 at Benchmark

Benchmark raised the firm’s price target on H World (HTHT) to $52 from $48 and keeps a Buy rating on the shares following above-expectation Q3 results. Despite cyclical macro uncertainty, the firm views the company as “a key beneficiary and long-term leader in China’s secularly growing hospitality market,” the analyst tells investors.

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