Deutsche Bank initiates coverage on China Lodging Group (NASDAQ: HTHT) with a Buy. PT $16.92.

Deutsche analyst says, "Given its rapid expansion (580 hotels within its short history), we believe HTHT is riding the China economy hotel industry's secular growth while quickly catching up with other incumbents."

For an analyst ratings summary and ratings history on China Lodging Group click here. For more ratings news on China Lodging Group click here.

Shares of China Lodging Group closed at $14.65 yesterday, with a 52 week range of $12.00-$24.47.