Deutsche Bank Reinstates Coverage on Home Inns (HMIN) at Buy, "Indisputable Leader in Economy Hotels"
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Price: $35.71 --0%
Rating Summary:
6 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
6 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Deutsche Bank is reinstating coverage on shares of Home Inns (NASDAQ: HMIN) with a Buy rating and $40.50 price target.
The firm has switched its analyst on the company from Karen Tang to Vivian Hao. Vivian likes HMIN due to its clear leadership as a consolidator in economy hotels, its mature and integral internal management system, and because she believes "the inclusion of Motel 168's sub-brands solidifies and strengthens HMIN's multi-brand strategy and geographic coverage."
Vivian notes that Home Inns is now "the indisputable leader in economy hotels" following the Motel 168 acquisition. She calls it the company's "strongest asset" and believes it will further develop HMIN's multi-brand strategy.
For FY11 and FY12, Deutsche Bank estimates earnings per share of $4.71 and $5.61. Revenues for the two years is forecasted to be $3.77 billion and $5.55 billion.
For an analyst ratings summary and ratings history on Home Inns click here. For more ratings news on Home Inns click here.
Shares of Home Inns closed at $33.42 yesterday.
The firm has switched its analyst on the company from Karen Tang to Vivian Hao. Vivian likes HMIN due to its clear leadership as a consolidator in economy hotels, its mature and integral internal management system, and because she believes "the inclusion of Motel 168's sub-brands solidifies and strengthens HMIN's multi-brand strategy and geographic coverage."
Vivian notes that Home Inns is now "the indisputable leader in economy hotels" following the Motel 168 acquisition. She calls it the company's "strongest asset" and believes it will further develop HMIN's multi-brand strategy.
For FY11 and FY12, Deutsche Bank estimates earnings per share of $4.71 and $5.61. Revenues for the two years is forecasted to be $3.77 billion and $5.55 billion.
For an analyst ratings summary and ratings history on Home Inns click here. For more ratings news on Home Inns click here.
Shares of Home Inns closed at $33.42 yesterday.
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