CLSA Sees Atour (ATAT) as a Premium Alternative in China’s Hotel Market

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) ranks among the best high growth Chinese stocks to buy. CLSA began coverage of Atour Lifestyle Holdings Limited (NASDAQ:ATAT) on January 2 with an Outperform rating and a $49 price target, citing Atour’s distinctive features and services as key elements in its popularity as a premium hotel alternative in the hospitality sector. CLSA stated that Atour’s asset-light strategy and supply chain capabilities enable its net profit to be less volatile during periods ...