UPDATE: China International Capital Initiates Home Inns & Hotels Management at Buy on Execution
China International Capital initiated Home Inns & Hotels Management (NASDAQ: HMIN) with a Buy rating and a $38.90 price target.
China International Capital commented, "HMIN has shown a successful track record of maintaining both high growth and quality standards due to: 1) mature management program to assure standardization of products and services; and, 2) efficient operation control platform to monitor and improve hotel operations. … The upcoming annual results could cause share price volatility in the short run, nonetheless we believe the long term growth prospects of the economy hotel segment remain intact."
Home Inns & Hotels Management closed at $31.52 on Tuesday.
Latest Ratings for HMIN
|Mar 2016||Brean Capital||Downgrades||Buy||Hold|
|May 2015||Brean Capital||Maintains||Buy|
|Mar 2015||Credit Suisse||Downgrades||Outperform||Underperform|
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