Chatham Lodging price target raised to $10 from $8.75 at Stifel

Group 1 - Stifel raised the price target on Chatham Lodging (CLDT) to $10 from $8.75 while maintaining a Buy rating on the shares [1] - Chatham Lodging announced the acquisition of six hotels totaling 589 rooms for $92 million, which equates to approximately $156,000 per key [1] - The acquisition was completed at a 10% cap rate based on the 2025 hotel NOI [1] - Concurrently with the acquisition announcement, the company also declared a dividend increase [1]