Hilton downgraded to Hold from Buy at Jefferies

Jefferies analyst David Katz downgraded Hilton (HLT) to Hold from Buy with a price target of $134, down from $153. Given the looming recession, the upside to earnings and valuation for bellwether lodging stocks is "limited," Katz contends. With his downgrades of Hilton and Marriott (MAR), Wyndham Hotels & Resorts (WH) is the only lodging C-corp he covers with a Buy rating, noted Katz, who continues to favor Host Hotels (HST) and Hersha Hospitality (HT) among lodging REITs.