Hyatt price target raised to $127 from $122 at Barclays

Barclays analyst Brandt Montour raised the firm’s price target on Hyatt (H) to $127 from $122 and keeps an Equal Weight rating on the shares post the Q1 report. The company’s luxury portfolio outperformed across every vertical, but is outsized exposure to leisure demand dragged RevPAR down flattish to peers, the analyst tells investors in a research note.