A weakening macro environment could weigh on Marriott International in the months ahead, according to Barclays.
Analyst Brandt Montour downgraded shares to equal weight from overweight, citing the lodging stock's current trading price, which is now in line with Barclays' target.
Montour upped the bank's price target on Marriott to $170 from $163, suggesting shares could gain about 7% from Wednesday's close.
Although Marriott has a solid management team and strong loyalty program, Barclays views shares as fairly valued given the heightened macro risks.
Montour upgraded shares of Wyndham Hotels in the same note, calling the stock a favored lodging pick as consumers trade down.