SunTrust analyst Patrick Scholes raised his price target for Choice Hotels International to $88 from $86 following the company's Q2 results. The refresh of Comfort Inn hotels, which is in the final stages, is having a positive impact on RevPAR and unit growth, Scholes tells investors in a research note. Further, Choice's "underlevered" balance sheet provides "plenty of firepower" for acquisitions, says the analyst. Scholes, who also points out the company in the past issued a "massive" special dividend with its excess capacity, keeps a Hold rating on Choice Hotels.