HTHT - H World stock is tipped by Morgan Stanley to rally over the next two months

2023-03-23 10:58:27 ET

H World Group Limited ( NASDAQ: HTHT ) is named a at Morgan Stanley on the expectation that the share price will rise in the next 60 days.

Analyst Dan Chee and team believe the temporary weakness in the industry RevPAR in March is reflected in the current share price as the market digests inventory."We are seeing a pick up in WoW industry RevPAR data, which means business demand may be coming back after the pause,' noted Chee. Another catalyst seen for H World is the release of leisure demand for the Labor Day holiday period of April 29 to May 3.

Shares of H World ( HTHT ) moved above their 50-day moving average with a 3.77% gain on Thursday. The stock also stands above the 100-day and 200-day moving averages with momentum on its side.

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