JPMorgan analyst, Leon Chik, reiterated his Overweight rating on shares of China Lodging Group (NASDAQ: HTHT) and raised his price target to $90 ahead of the company reporting 1Q17 results on 10 May.

The analyst noted that the company released key operating metrics in mid-April and the key positive for 1Q is that room rates rose much higher than expected (up 5-6% YY). The analyst believes that the higher room rates and significant operating leverage should result in strong earnings growth for 1Q17 and raised his PT to $90 from from $78.

For an analyst ratings summary and ratings history on China Lodging Group click here. For more ratings news on China Lodging Group click here.

Shares of China Lodging Group closed at $74.22 yesterday.