Hilton price target raised to $161 from $152 at Bernstein

Bernstein raised the firm’s price target on Hilton to $161 from $152 and keeps a Market Perform rating on the shares. The Q2 results were a strong for global hotel names as travel demand remains strong, the analyst tells investors in a research note. “In a decelerating world however, hotels are, at best, fully valued,” says the firm.