Lemon Tree Hotels gains as CLSA sees 42% upside
In short
Lemon Tree Hotels shares rose after CLSA said the stock could rise 42%. CLSA also pointed to a target of 2,000 keys by this year. Out of 27 analysts covering the stock, 25 have a buy rating and two have a hold rating.
Investors are watching the hotel chain’s growth target and analyst ratings closely.
What the reporting says
Lemon Tree Hotels shares gained after CLSA said the stock has 42% upside and highlighted a 2,000-keys target by this year. The stock is covered by 27 analysts, with 25 rated buy and two rated hold. The analyst setup supports the positive sentiment around the hotel company’s expansion outlook.
Why it matters
Lemon Tree Hotels shares rose after CLSA projected 42% upside and pointed to a 2,000-keys target by this year. The stock has broad analyst support, with 25 of 27 analysts rating it buy and two rating it hold. The note appears to have lifted sentiment around the hotel company’s growth outlook.