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Morgan Stanley Sticks to Its Sell Rating for Choice Hotels (CHH)

Tipranks - Wed Mar 11, 7:30AM CDT

In a report released today, Stephen Grambling from Morgan Stanley maintained a Sell rating on Choice Hotels, with a price target of $83.00.

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According to TipRanks, Grambling is a 4-star analyst with an average return of 6.0% and a 59.90% success rate. Grambling covers the Consumer Cyclical sector, focusing on stocks such as Polaris, Wynn Resorts, and Planet Fitness.

In addition to Morgan Stanley, Choice Hotels also received a Sell from Wells Fargo’s Trey Bowers in a report issued on February 20. However, on February 23, J.P. Morgan maintained a Hold rating on Choice Hotels (NYSE: CHH).

Based on Choice Hotels’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $390.15 million and a net profit of $63.68 million. In comparison, last year the company earned a revenue of $389.77 million and had a net profit of $75.8 million

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