Truist lowered the firm’s price target on Hilton Grand Vacations to $73 from $75 and keeps a Buy rating on the shares as part of a broader research note previewing Q3 earnings in Lodging. The firm’s expectation is for management commentary to remain positive, especially on the outlook for groups, but it also sees domestic leisure as “soft”, the analyst tells investors in a research note. For the Vacation Ownership companies, this will not be the most upbeat earnings season, especially for Hilton Grand Vacations due to the ongoing visitation issues in Maui, the firm added.
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