Barclays analyst Brandt Montour lowered the firm’s price target on Hilton to $166 from $168 and keeps an Overweight rating on the shares. Growing financing headwind for U.S. hotel starts overshadowed what was otherwise a "solid beat and raise" quarter from Hilton, the analyst tells investors in a research note. The firm says the company’s "unique momentum" on the development side should drive outperformance of the shares in a slowing macro environment.
Published first on TheFly
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