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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Read More on HTHT:
- H World Group: Buy Rating Affirmed on Strong Q3 Performance and Strategic Market Positioning
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- H World sees Q4 revenue growth 2%-6% from RMB6.02B last year
- H World reports Q3 adjusted EPS RMB4.76 vs. RMB4.29 last year
