Choice Hotels price target raised to $121 from $111 at Barclays

Barclays raised the firm’s price target on Choice Hotels (CHH) to $121 from $111 and keeps an Underweight rating on the shares. The firm previewed the Q2 reports for the lodging c-corporations, saying soft U.S. leisure demand will be offset by better international. Company forecasts will likely to call for a demand pick-up post Labor Day, offsetting residual summer softness, with upper chain scale players generally reiterating guidance, the analyst tells investors in a research note.