Jefferies Upgrades Choice Hotels (CHH) to Buy

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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, with a 52 week range of $26.31-$41.42.

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