BMO Capital analyst Ari Klein raised the firm’s price target on Hilton to $150 from $145 but keeps a Market Perform rating on the shares after its Q4 earnings beat. The analyst sees few current signs of slowing demand, though the company’s 2023 RevPAR outlook "painted a less robust picture". The firm adds that the stock’s long-term growth algorithm is attractive, but with lower visibility on the 2023 RevPAR cadence, it also sees the current risk/reward as balanced.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on HLT: