Jefferies Upgrades Choice Hotels (CHH) to Buy

August 12, 2011 8:09 AM EDT Send to a Friend
Get Alerts CHH Hot Sheet
Price: $54.14 -0.06%

Rating Summary:
    1 Buy, 13 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 43 | New: 4
Trade CHH Now!
Join SI Premium – FREE
Jefferies upgraded Choice Hotels (NYSE: CHH) from Underperform to Buy with a price target of $33 (from $26).

The firm said CHH's business model provides the least risk in an uncertain RevPAR environment.

For 2012 EBITDA estimate remains unchanged at $193.1 million but EPS estimate increases to $1.91 from $1.87 as they assume additional share buybacks.

For more ratings news on Choice Hotels click here and for the rating history of Choice Hotels click here.

Shares of Choice Hotels closed at $27.41 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Hot Upgrades, Upgrades

Related Entities

Jefferies & Co

Add Your Comment