Hilton price target raised to $165 from $150 at Raymond James

Raymond James analyst William Crow raised the firm’s price target on Hilton to $165 from $150 and keeps an Outperform rating on the shares. Hilton reported better than expected Q4 results and better than forecast guidance calling for 4%-8% REvPAR growth, the analyst tells investors in a research note. The unit growth and share repurchase stories remain very much intact, aided by early signs of success at the newly introduced Spark conversion brand as well as free cash flow reaching new highs, the firm says.