What happened Shares of Chinese hotel operator Huazhu Group Limited (NASDAQ: HTHT) are up 13.3% as of midday Wednesday following an upgrade of the stock from bank and broker Morgan Stanley. So what It's a relatively obscure name, but not so obscure that Morgan Stanley analyst Praveen Choudhary opted not to chime in. Following nearly two months' worth of heavy selling that shaved off one-third of the stock's value through Tuesday's close, Choudhary countered by rerating Huazhu Group to overweight. The analyst also upped his price target from $50 to $51 per share, up more than 10% from the stock's present, post-surge price. Now what Wednesday's big gain is arguably more of a bounce back from the recent pullback than the Morgan Stanley upgrade. Huazhu Group was one of countless names swept up in a broad sell-off of Chinese stocks, and technology stocks in particular. Already ripe for a recovery, Choudhary's bullish move sparked an exaggerated outcome. Image source: Getty Images. Most stocks struggle to follow through on such news-based gains. This one may be an exception to that norm, however. Even with Wednesday's rally, this stock remains on the order of 20% below its pre-sell-off price -- a sell-off that materialized for no clear, direct reason other than guilt by association. It's not a buy specifically because it's oversold. To the extent it was a name worth owning before the pullback, however, it's certainly a more compelling prospect now that at least one analyst has indirectly suggested the steep sell-off isn't merited. 10 stocks we like better than Huazhu Group Ltd.When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Huazhu Group Ltd. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 7, 2021 James Brumley has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source