Barclays analyst Brandt Montour raised the firm’s price target on Choice Hotels to $122 from $119 and keeps an Underweight rating on the shares. The analyst expects Q2 lodging earnings reports to be in-line to slightly better than estimates, with decelerating trends in the U.S offset by strength from abroad. The firm prefers Hilton (HLT) for its exposure to the best domestic RevPAR growth segments and its “best-in-class” organic unit growth story heading into a lower RevPAR growth environment.
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