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UPDATE: Deutsche Bank Initiates Buy on Choice Hotels International

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Deutsche Bank initiated its coverage on Choice Hotels International (NYSE: CHH) with a Buy rating on the company's senior notes.

Deutsche Bank commented, "we are initiating coverage on the 5.7% Senior Notes 2020 and 5.75% Senior Notes 2022 with a Buy Rating. We like this credit based on (i) relative value, (ii) the fee for service business model, (iii) the asset light strategy, (iv) strong free cash flow generation along with our expectations for modest de-levering (v) ample liquidity and limited near-term maturities."

Choice Hotels International closed at $41.07 on Friday.

Latest Ratings for CHH

DateFirmActionFromTo
Dec 2017JP MorganDowngradesNeutralUnderweight
Nov 2017Morgan StanleyMaintainsEqual-Weight
Nov 2017BarclaysMaintainsUnderweight

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Posted-In: Deutsche BankAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

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