Jefferies Downgrades Choice Hotels Intl to Underperform, Lowers Price Target to $96
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst David Katz has downgraded Choice Hotels Intl (CHH) from Hold to Underperform and reduced the price target from $119 to $96, indicating a bearish outlook on the stock.

January 02, 2024 | 10:47 am
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Jefferies analyst David Katz downgraded Choice Hotels Intl to Underperform and cut the price target from $119 to $96, suggesting a negative performance expectation.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest lower future performance and potential risks. The reduction in the price target further emphasizes the analyst's bearish stance on the stock, which may lead to a decrease in investor confidence and a subsequent drop in the stock price.
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IMPORTANCE 85
RELEVANCE 100