B of A Securities Maintains Buy on H World Group, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ronald Leung maintains a Buy rating on H World Group (HTHT) but lowers the price target from $51 to $43.

March 13, 2024 | 11:29 am
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NEUTRAL IMPACT
B of A Securities maintains a Buy rating on H World Group but lowers the price target from $51 to $43.
While the maintenance of a Buy rating suggests continued confidence in H World Group's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or both. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive outlook is likely to support the stock's performance in the near term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100