Deutsche Bank Upgrades China Lodging Group (HTHT) to Hold

Deutsche Bank upgraded China Lodging Group (NASDAQ: HTHT) from Sell to Hold with a price target of $26.00 (from $20.50). The change follows Q3 results. Analyst Karen Tang said RevPAR was stabilizing faster than expected.

"As we roll forward to 2016 and lift FY15-16 EBITDA by 3-14%, we raise our TP from US$20.5 to US$26 and upgrade HTHT from Sell to Hold," said Tang.

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 $29.18 yesterday.

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