Hilton price target raised to $244 from $224 at Barclays

Barclays analyst Brandt Montour raised the firm’s price target on Hilton to $244 from $224 and keeps an Overweight rating on the shares as part of a Q3 earnings preview for the lodging group. U.S. RevPAR growth was soft in September, likely driving “muted” Q3 performance with an unfavorable calendar in Q4, and not setting up well against strong recent share performance, the analyst tells investors in a research note. The firm continues to prefer Hilton (HLT) and Wyndham (WH).