FBR Capital Markets Raises Estimates And Price Target For Choice Hotels International, Inc. (CHH)

Analyst C. Patrick Scholes at FBR Capital Markets has released an update on Choice Hotel International, Inc. (NYSE: CHH). The company reported its first-quarter results on Tuesday.

Following the first-quarter results, FBR Capital Markets has raised its price target for the company from $37 to $42. The brokerage firm has also raised its 2010 and 2011 EPS estimates for the company. For 2010, EPS estimate has been raised from $1.69 to $1.73 and for 2011; it has been raised from $1.88 to $1.90.

FBR Capital Markets has maintained its Outperform rating for Choice Hotel International Ltd.