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Choice Hotels price target lowered to $117 from $121 at Barclays

Barclays lowered the firm’s price target on Choice Hotels (CHH) to $117 from $121 and keeps an Underweight rating on the shares. The company’s reduced guidance has “de-risked” the RevPAR and EBITDA outlook, but its development remains challenged, the analyst tells investors in a research note.

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