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Upgrade Alert for Choice Hotels International (CHH)

By Amy Schwartz

Choice Hotels International (NYSE:CHH) was upgraded from Underweight to Equal Weight at Morgan Stanley today. The stock closed yesterday at $45.58 on volume of 212,000 shares, above average daily volume of 196,000.

Potential upside of 17.0% exists for Choice Hotels International, based on a current level of $45.58 and analysts' average consensus price target of $53.35. Choice Hotels International shares should first meet resistance at the 200-day moving average (MA) of $50.03 and find additional resistance at the 50-day MA of $52.01.

Choice Hotels International, Inc. franchises hotel properties. The Company franchises hotels throughout the United States, Puerto Rico, and the District of Columbia, as well as other countries. Choice Hotels' properties operate under the Comfort, Quality, Clarion, Sleep, Rodeway, Econo Lodge, and MainStay brand names.

In the past 52 weeks, shares of Choice Hotels International have traded between a low of $40.78 and a high of $61.41 and closed yesterday at $45.58, which is 12% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.3%.

SmarTrend is monitoring the recent change of momentum in Choice Hotels International. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Choice Hotels International in search of a potential trend change.

Keywords: analyst upgrades/downgrades choice hotels international

Ticker(s): CHH