Morgan Stanley Downgrades GreenTree Hospitality Group (GHG) to Underweight, Says Valuation Unwarranted Compared With Peers

Morgan Stanley analyst Dan Chee downgraded GreenTree Hospitality Group (NYSE: GHG) from to Underweight with a price target of $4.00.

The analyst comments "The stock is currently trading at 14x P/E on 2024 estimates – only a 30% discount to global hotel groups like Marriott, Hilton and IHG. We do not think this is warranted. Our unchanged price target of US$4 represents a 70% discount to industry leader HTHT. We think this is fair considering its history of connected transactions, as well as lower liquidity and trading volumes."

For an analyst ratings summary and ratings history on GreenTree Hospitality Group click here. For more ratings news on GreenTree Hospitality Group click here.

Shares of GreenTree Hospitality Group closed at $5.75 yesterday.

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• McGraw Hill (MH) PT Raised to $15 at UBS
• Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating