** Morgan Stanley cuts price targets on stocks of hotel chains Hyatt Hotels H.N, Hilton Worldwide HLT.N, Wyndham Hotels & Resorts WH.N and Choice Hotels International CHH.N
** Brokerage says hotel companies struck a more cautious 2026 demand outlook at the American Lodging Investment Summit, though their guidance largely aligned with already-lowered expectations
** Adds revenue per available room (RevPAR) is projected to grow at low single digits, with stronger trends in APAC, group and business travel
** Says China and leisure demand remain softer; expects hotels companies to benefit from the World Cup in the summer
** Dow Jones U.S. Hotels Index .DJUSLG marginally down in morning trading
Companies | New PT | Old PT |
Hyatt | $185 | $194 |
Hilton | $303 | $306 |
Wyndham | $85 | $89 |
Choice | $83 | $91 |
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))