China Lodging (HTHT) Shares Sink as BofA Merrill Cuts to Neutral Following Earnings
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Price: $41.88 +3.38%
Rating Summary:
14 Buy, 4 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
14 Buy, 4 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Shares of China Lodging Group (NASDAQ: HTHT) are falling in late-morning trade Wednesday following an intraday downgrade from an analyst at BofA Merrill.
The firm now rates China Lodging shares a Neutral, down from Buy previously, and sees the stock rising to $22.50 over the next year, down from a prior target of $23.30.
The downgrade follows Q1 results from China Lodging Tuesday afternoon.
China Lodging shares last traded at $21.26, down 4.7 percent for the session.
For more ratings news on China Lodging Group click here and for the rating history of China Lodging Group click here.
The firm now rates China Lodging shares a Neutral, down from Buy previously, and sees the stock rising to $22.50 over the next year, down from a prior target of $23.30.
The downgrade follows Q1 results from China Lodging Tuesday afternoon.
China Lodging shares last traded at $21.26, down 4.7 percent for the session.
For more ratings news on China Lodging Group click here and for the rating history of China Lodging Group click here.
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