Jefferies analyst David Katz downgrades $Choice Hotels International (CHH.US)$ to a hold rating, and adjusts the target price from $156 to $150.
According to TipRanks data, the analyst has a success rate of 46.6% and a total average return of 8.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Choice Hotels International (CHH.US)$'s main analysts recently are as follows:
Following the Q3 report, it was noted that the company's revenue per available room (RevPAR) did not meet expectations, yet there was an upward revision in the EBITDA guidance. It was observed that the recent quarter presented a mix of outcomes.
The firm noted that the fundamental trends for Choice Hotels are continually improving and projections are consistently being revised upward. Despite a general negative sentiment and positioning among investors, this situation is viewed positively by analysts. However, the potential for additional stock price increase is perceived to be limited due to the recent rise in share value.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
