Jefferies Ups Hotel Stock Valuations Amid Interest Rate Shift

Jefferies Adjusts Price Targets for Hotel Stocks Amid Changing Interest Rate Outlook

Jefferies analysts have made adjustments to the price targets of various hotel stocks in a note released on Tuesday. As part of their analysis, the analysts downgraded shares of Choice Hotels to Underperform from Hold, while upgrading Park Hotels & Resorts to Buy from Hold. The price target for PK has been raised to $21 from $14, Marriott’s target has been set at $227 from $205, Hilton’s is now $183 from $157, and Hyatt Hotels’ target has been increased to $127 from $104 per share. On the other hand, the price target for CHH has been cut to $96 from $119.