Hilton Grand Vacations price target lowered to $40 from $54 at Barclays

Barclays lowered the firm’s price target on Hilton Grand Vacations to $40 from $54 and keeps an Overweight rating on the shares post the Q2 report. The firm says lower-end consumer demand dried up during a broad overhaul of Hilton Grand’s timeshare sales division. The company’s second half guidance feels conservative, unless the macro deteriorates further, which timeshare has proven to be particularly sensitive to, the analyst tells investors in a research note.