Goldman Sachs Initiates Coverage On Choice Hotels Intl with Sell Rating, Announces Price Target of $105
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has initiated coverage on Choice Hotels International with a Sell rating and set a price target of $105.
September 18, 2024 | 4:59 pm
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Goldman Sachs has initiated coverage on Choice Hotels International with a Sell rating and a price target of $105, indicating a bearish outlook.
The Sell rating from a major financial institution like Goldman Sachs suggests a negative outlook on Choice Hotels Intl, which could lead to a decrease in investor confidence and a potential drop in stock price. The price target of $105 is likely below the current trading price, reinforcing the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100