Barclays Maintains Underweight on Choice Hotels Intl, Raises Price Target to $122
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Anthony Powell maintains an Underweight rating on Choice Hotels Intl (CHH) and raises the price target from $119 to $122.

March 12, 2024 | 10:04 am
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NEUTRAL IMPACT
Barclays maintains an Underweight rating on Choice Hotels Intl but raises the price target from $119 to $122.
The adjustment in price target by Barclays indicates a slightly more positive outlook on the stock's valuation, yet the Underweight rating suggests that the analyst still sees challenges ahead for Choice Hotels Intl. This mixed signal could lead to neutral short-term price movement as investors digest both the positive adjustment in price target and the continued cautious stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100