B.Riley FBR Reiterates Their Buy Rating on Red Lion Hotels (RLH)


B.Riley FBR analyst Eric Wold reiterated a Buy rating on Red Lion Hotels (NYSE: RLH) today and set a price target of $16.25. The company’s shares closed yesterday at $10.75.

Wold said:

“Red Lion Hotels Corporation (RLH) is scheduled to report 3Q18 results after the close on Monday, 11/5, with a conference call at 5:00pm ET. While we are comfortable with our 3Q18 estimates, we also acknowledge the results are likely to be less important to investors than an update from management around the asset-light strategy as well as the underlying strength in franchise operations that will be left once the remaining hotels are sold.”

According to TipRanks.com, Wold is a 4-star analyst with an average return of 7.6% and a 48.6% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.

Red Lion Hotels has an analyst consensus of Moderate Buy, with a price target consensus of $16.25.

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The company has a one-year high of $14.75 and a one-year low of $7.95. Currently, Red Lion Hotels has an average volume of 92.01K.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock.

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Red Lion Hotels Corp. is a hospitality and leisure company, which engages in franchising, management, and ownership of hotel properties. It operates through the Company Operated Hotel and Franchised Hotels segments. The Company Operated Hotel segment comprises guest room rentals; and food and beverage offerings at owned and leased hotels.

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