Oppenheimer Increases HMIN Estimates

Oppenheimer is raising its 2011 and 2012 estimates on shares of Home Inns & Hotels Management Inc. HMIN.

“We're largely maintaining our 2011 and 2012 revenue estimates but increasing our margin expectation for both years,” Oppenheimer writes.

“Our 2011/2012 adjusted EBITDA margin changed to 24.4% and 26.3%, respectively, from 22.9% and 24.2%. Our 2011/2012 adjusted non-GAAP EPS estimates updated to $1.44 and $2.17, respectively, from $1.28 and $1.91.”

Home Inns & Hotels Management Inc. currently trades at $37.20.