Xenia Hotels price target raised to $16 from $15 at BMO Capital

BMO Capital raised the firm’s price target on Xenia Hotels (XHR) to $16 from $15 and keeps an Outperform rating on the shares after meeting with its management team. The company’s near-term trends remain uneven with summer leisure demand a bit slower, but tailwinds from Scottsdale’s post-renovation ramp are driving sector-leading growth, while its strong group pace provides visibility, the analyst tells investors in a research note.