Hilton Grand Vacations price target lowered to $42 from $53 at Barclays

Barclays analyst Brandt Montour lowered the firm’s price target on Hilton Grand Vacations to $42 from $53 and keeps an Overweight rating on the shares. The analyst likes the Bluegreen deal’s strategic rationale and sese both the integration plan and post-deal balance sheet leverage as relatively low risk. However, with a purchase price that looks full and incremental fees to Hilton acting as a headwind, “there is not much room for error in synergy targets,” the analyst tells investors in a research note.