Nomura Securities Maintains a 'Neutral' on Choice Hotels (CHH); Adjusting Estimates, But Remain Sidelines

Nomura Securities maintains a 'Neutral' on Choice Hotels (NYSE: CHH) price target of $41.00.

Analyst, Harry Curtis, said, "CHH reported 1Q EPS of $0.34, which benefited from +0.03 of below-the-line items. In adherence to the 1Q trend, CHH increased its RevPAR outlook by 100bps, mirroring WYN’s guidance increase earlier this week. CHH has one of the best business models in the sector, but we remain on the sidelines until its share-repurchase program or system growth reaccelerates. 2012E/2013E EPS goes from $2.15/$2.44 to $2.15/$2.41."

For an analyst ratings summary and ratings history on Choice Hotels click here. For more ratings news on Choice Hotels click here.

Shares of Choice Hotels closed at $38.77 yesterday.

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