Jefferies Upgrades Choice Hotels (CHH) to Buy

August 12, 2011 8:09 AM EDT
Get Alerts CHH Hot Sheet
Price: $54.45 --0%

Rating Summary:
    4 Buy, 11 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 28 | Down: 28 | New: 23
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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.

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