Stock Name: CDL HTrust
Company Name: CDL HOSPITALITY TRUSTS
Company Name: CDL HOSPITALITY TRUSTS
| Research House: Daiwa | Price Call: HOLD | Target Price: 1.75 |
SINGAPORE (Feb 4): Daiwa Capital Markets Singapore today revised the target price for CDL Hospitality Trusts to $1.75 per share, from $1.74 per share; while maintaining a "Hold" call for it.
David Lum, an analyst from Daiwa, said the adjustment of target price was pegged to a dividend discount model (DDM) valuation.
"The minor increase is due solely to the higher present value from the passage of time since our last report," he explained in his research note today.
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