Choice Hotels price target lowered to $111 from $132 at Barclays

Barclays lowered the firm’s price target on Choice Hotels (CHH) to $111 from $132 and keeps an Underweight rating on the shares as part of a Q1 earnings preview for the lodging C-corps. Lodging outlooks are “poised to move lower” amid “accumulating headwinds, the analyst tells investors in a research note. Barclays cutting RevPAR estimates across the board, but says “resilient” fee models should keep profitability “robust.”