RHB’s Natarajan has lowered his target price to $1.23 from $1.25 previously, while CGS-CIMB’s Ong and Lock have lowered their target price to $1.43 from $1.55 previously. Meanwhile, the team at DBS has kept their target price of $1.55.
Analysts are pleased with CDL Hospitality Trusts (SGX:J85
) ’ (CDLHT) following the REIT’s release of its 9MFY2023 results ended Sept 30.
RHB Bank Singapore analyst Vijay Nataranjan and CGS-CIMB Research analysts Natalie Ong and Lock Mun Yee have kept their “buy” and “add” calls at reduced target prices, while the team at DBS Research has kept both their “buy” call and target price.
