Barclays Maintains Overweight on Chatham Lodging, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Anthony Powell maintains an Overweight rating on Chatham Lodging (NYSE:CLDT) but lowers the price target from $13 to $12.

April 17, 2024 | 1:05 pm
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Barclays maintains an Overweight rating on Chatham Lodging but lowers the price target from $13 to $12.
The adjustment in price target by Barclays reflects a nuanced view on Chatham Lodging's valuation. While the Overweight rating indicates a positive outlook on the stock, the reduction in price target suggests a tempering of expectations regarding its short-term price performance. This could lead to mixed reactions in the market, potentially stabilizing the stock price as investors recalibrate their expectations based on the new target.
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IMPORTANCE 75
RELEVANCE 100