Deutsche Bank Raises Price Target For Home Inns & Hotels Management Inc. (HMIN)

Analysts Chris Woronka and Tim Wengard at Deutsche Bank have raised the price target for Home Inns & Hotels Management Inc. (ADR) HMIN from $44 to $47. Analysts believe that the broader market weakness presents a compelling buying opportunity for long-term investors. They also say that the higher franchisee mix should have positive margin implications in the near-term. Analysts at Deutsche Bank find Home Inns & Hotels Management Inc.’s relative valuation to be very attractive and have maintained their Buy rating for the company.