Macquarie lowered the firm's price target on Atour Lifestyle to $46 from $47 and keeps an Outperform rating on the shares. The firm notes Q4 revenue was largely in line and adjusted EBITDA was ahead of estimates. Retail business growth remained healthy, but moderated in Q4, Macquarie adds, pointing out that management guided retail revenue growth of 25%-30% year-over-year for the coming year.
