Xenia Hotels price target lowered to $15.50 from $17 at B. Riley

B. Riley lowered the firm’s price target on Xenia Hotels to $15.50 from $17 and keeps a Neutral rating on the shares. Xenia reported “mixed” Q2 results as it experiences higher than expected renovation disruption at its Hyatt Regency Scottsdale property, the analyst tells investors in a research note. The firm is cautious on RevPAR growth amid moderating leisure travel and less-than-robust large corporate travel.