Analysts have been eager to weigh in on the Services sector with new ratings on Huazhu Group Limited (HTHT) and Information Services Group (III).
Huazhu Group Limited (HTHT)
Morgan Stanley analyst Praveen Choudhary downgraded Huazhu Group Limited to Sell today. The company’s shares closed on Friday at $39.04.
According to TipRanks.com, Choudhary is ranked #2658 out of 5256 analysts.
Currently, the analyst consensus on Huazhu Group Limited is a Hold with an average price target of $30.
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Information Services Group (III)
In a report released today, Vincent Colicchio from Barrington maintained a Hold rating on Information Services Group. The company’s shares closed on Friday at $3.60, close to its 52-week low of $3.51.
Colicchio wrote:
“We are reducing our 2019 non-GAAP EPS forecast to $0.32 from $0.40 due to incremental weakness in the U.S. public sector business, lower spending from a large U.S. automotive client and greater uncertainty in Europe. We are introducing our initial 2020 non-GAAP EPS forecast of $0.34.”
According to TipRanks.com, Colicchio is ranked 0 out of 5 stars with an average return of -6.0% and a 48.3% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Computer Task.
Currently, the analyst consensus on Information Services Group is a Strong Buy with an average price target of $5.31, a 47.5% upside from current levels. In a report issued on March 12, CIBC also reiterated a Hold rating on the stock with a $3.50 price target.
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