Hyatt downgraded to Equal Weight from Overweight at Barclays

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.