Barclays downgraded Hyatt Hotels (H) to Equal Weight from Overweight with a price target of $125, down from $130. After strong share price performance over the last 12 months, Hyatt’s valuation now limits the stock’s upside potential, the analyst tells investors in a research note. The firm shifted its preference to Hilton (HLT) from Hyatt.
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Published first on TheFly
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