Marriott price target lowered to $240 from $251 at Barclays

Barclays analyst Brandt Montour lowered the firm’s price target on Marriott to $240 from $251 and keeps an Equal Weight rating on the shares post the Q2 report. The analyst says leverage to China hurt Marriott’s outlook more than anything else, but modestly softer U.S. commentary “showed that cracks continue to form across travel and leisure for the domestic consumer.”