Choice Hotels International Inc (NYSE: CHH) shares are trading higher on Monday.
Longbow Research upgraded the stock from Neutral to Buy and announced a price target of $85 per share.
Choice Hotels operates 591,000 rooms across 13 brands addressing the economy and midscale segments. Comfort Inn and Comfort Suites are the largest brands (27% of the company's total domestic rooms), while Ascend and Cambria (6% of total domestic rooms) are newer lifestyle and select-service brands experiencing strong demand prior to COVID-19.
Choice Hotels International shares were trading up 7% at $76.23 at time of publication on Monday. The stock has a 52-week high of $109.26 and a 52-week low of $46.25.