Goldman Sachs downgrades Choice Hotels (CHH) to a Hold

In a report released yesterday, Lizzie Dove from Goldman Sachs downgraded Choice Hotels to a Hold, with a price target of $90.00. The company’s shares closed yesterday at $90.81.

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Dove covers the Consumer Cyclical sector, focusing on stocks such as Wynn Resorts, Carnival, and Choice Hotels. According to TipRanks, Dove has an average return of 2.6% and a 51.43% success rate on recommended stocks.

Currently, the analyst consensus on Choice Hotels is a Hold with an average price target of $103.89, implying a 14.40% upside from current levels. In a report released on December 12, J.P. Morgan also upgraded the stock to a Hold with a $95.00 price target.

Based on Choice Hotels’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $447.34 million and a net profit of $180 million. In comparison, last year the company earned a revenue of $427.96 million and had a net profit of $105.72 million