Truist analyst Patrick Scholes raised the firm’s price target on Hilton to $165 from $160 but keeps a Hold rating on the shares. Despite the strong Q1 earnings result and tailwinds in the recovery of group demand and international travel, especially domestic China travel, macro and various "wall of worry" concerns still dominated a "strong print", the analyst tells investors in a research note. Truist adds however that among U.S. development pipelines, Hilton is far best positioned among the Hotel C-corps.
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Published first on TheFly
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