Wells Fargo Sticks to Their Hold Rating for Choice Hotels (CHH)


Wells Fargo analyst Jeffrey Donnelly maintained a Hold rating on Choice Hotels (NYSE: CHH) today. The company’s shares opened today at $77.40.

According to TipRanks.com, Donnelly is a 4-star analyst with an average return of 14.7% and a 69.2% success rate. Donnelly covers the Financial sector, focusing on stocks such as Hospitality Properties, Essex Property Trust, and VICI Properties Inc.

Choice Hotels has an analyst consensus of Hold, with a price target consensus of $82.50, which is a 6.6% upside from current levels. In a report released yesterday, Deutsche Bank also maintained a Hold rating on the stock with a $83 price target.

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Based on Choice Hotels’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $79.38 million. In comparison, last year the company had a net profit of $44.68 million.

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Choice Hotels International, Inc. franchises hotels. Its services include in the mid-scale, upper mid-scale and upscale hotels. It operates through Hotel Franchising, SkyTouch Technology, and Corporate and Other. The Hotel Franchising segment includes hotel franchising operations consisting of its twelve brands.

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