Deutsche Bank Raises Home Inns Price Target (HMIN)
Deutsche Bank raised its Price Target on shares of Home Inns & Hotels Management Inc. (NASDAQ: HMIN) to $55 from $47 today. Deutsche Bank emphasizes "Re-acceleration of unit growth provides as a visible growth catalyst," and reiterated its Buy rating on the stock.
Deutsche Bank analysts "believe the target multiple is reasonable and healthy given visible growth drivers & our conviction in HMIN’s ability to achieve earnings forecasts."
Home Inns & Hotels Management Inc. is an economy hotel chain in the People’s Republic of China.
Because Deutsche Bank "believe[s] consensus forecasts remain too low," the bank raised FY10 and FY11 earnings targets. Risks to the estimates include "potentially uneven Chinese economic growth, relatively low bookings visibility, and thin float."
Shares of Home Inns are higher by 0.45% today, to $44.93.
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