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On Wednesday, Deutsche Bank updated its stance on NYSE:CHH, the stock of Choice Hotels (NYSE:), by raising the price target to $128 from $123. The firm maintained its Hold rating on the hotel company’s shares. This adjustment reflects a refined valuation approach that takes into account various business segments and projected earnings.
The analyst from Deutsche Bank provided a detailed rationale for the new price target, citing a valuation based on a sum-of-the-parts…
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