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UPDATE: Morgan Stanley Reiterates On China Lodging Group Ltd. Following In-Line 1Q14 Results

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In a report published Wednesday, Morgan Stanley analyst Lin He reiterated an Overweight rating on China Lodging Group Ltd. (NASDAQ: HTHT), but removed the $29.40 price target.

In the report, Morgan Stanley noted, “China Lodging reported in-line 1Q14 results with non-GAAP net income (Rmb-13mn) in line with our forecast of Rmb-12mn and EBITDA (Rmb112mn) 3% below our forecasts. Facing strong headwinds in 1Q, China Lodging's same hotel RevPAR recorded a 1% decline, the lowest since 2011 but still outperforming its peers. The company's investments in the mid-scale brand and product upgrade will make it better positioned for competition, in our view. We remain Overweight on the stock despite short-term headwinds as we are positive on long-term travel demand growth and its strong execution.”

China Lodging Group Ltd. closed on Tuesday at $21.66.

Latest Ratings for HTHT

Aug 2017Bank of AmericaMaintainsBuy
Apr 2017BenchmarkInitiates Coverage OnBuy
Dec 2016Deutsche BankUpgradesHoldBuy

View More Analyst Ratings for HTHT
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Posted-In: Lin He Morgan StanleyAnalyst Color Price Target Analyst Ratings


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