Jefferies analyst David Katz downgrades $Choice Hotels International (CHH.US)$ to a hold rating, and adjusts the target price from $156 to $150.
According to TipRanks data, the analyst has a success rate of 46.6% and a total average return of 8.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Choice Hotels International (CHH.US)$'s main analysts recently are as follows:
Following the Q3 report, it was noted that Choice Hotels experienced a RevPAR shortfall, yet there was an EBITDA forecast increase. This indicates that the quarter presented a mix of outcomes.
Choice Hotels shares have experienced a re-rating following the pursuit of the Wyndham Hotels deal, and current valuation seems appropriately balanced. The company's position in terms of valuation compared with its larger peers is now considered to be sensibly placed.
Note:
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