Choice Hotels upgraded to Market Perform from Underperform at Wells Fargo Wells Fargo upgraded Choice Hotels to Market Perform citing valuation and SkyTouch revenue pipeline being ahead of management expectations. The firm raised its price target range for shares to $47-$49 from $40-$41.
Choice Hotels downgraded to Underweight from Equal Weight at Barclays Barclays downgraded Choice Hotels to Underweight citing valuation as it believes the current share price reflects the company's improving business. The firm raised its price target for shares to $61 from $55.
Choice Hotels sees FY15 EPS $2.14-$2.21, consensus $2.26 Sees FY15 EBITDA $236M-$241M. Sees FY15 effective tax rate for cont ops to be 31.1%. Sees FY15 Franchising EBITDA $254M-$259M. Sees FY15 Franchising net domestic unit growth to be approximately 1%. Sees FY!5 Franchising RevPAR to increase 6.5%-8%.