BMC Reiterated Buy and PT of $49 on Home Inns and Hotels Management (HMIN)

BMC reiterated its Buy rating on Home Inns and Hotels Management

. In a research report published today, BMC decided to leave its price target unchanged at $49 after Home Inns reported Q1 results in line with market expectations. In yesterday's trading, Home Inns lost 0.27% of its value to close the day at $40.34. Its shares continued to shed value in today's pre-trading session as well, falling 0.72% to $40.05.