Financial PerformanceUpdating forecasts and price target post restriction reaffirms the hold rating, with a rise in price target from $123 to $128 indicating a positive outlook.
International ExpansionInternational growth opportunity with a 33-hotel conversion deal in France indicating potential expansion.
Strategic DecisionsWith the increase in share repurchase authorization by five million shares, the move is viewed favorably and expected to be accretive to per-share estimates.