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UPDATE: Morgan Stanley Reiterates Overweight Rating, Raises PT on China Lodging Group

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In a report published Monday, Morgan Stanley reiterated its Overweight rating on China Lodging Group Ltd. (NASDAQ: HTHT), and raised its price target from $15.00 to $18.70.

Morgan Stanley noted, “Our recent visit to China Lodging's mid-scale hotels made us believe that a market leading mid-scale brand is in the making. We remain OW on the stock and raise our price target from US$15 to US$18.7 by rolling forward 12 months to end-2013.”

China Lodging Group Ltd. closed on Friday at $15.86.

Latest Ratings for HTHT

DateFirmActionFromTo
May 2016Goldman SachsDowngradesBuyNeutral
Apr 2016JP MorganMaintainsOverweight
Nov 2015MacquarieMaintainsOutperform

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Posted-In: Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

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