Wells Fargo raised the firm’s price target on Hilton to $181 from $168 and keeps an Equal Weight rating on the shares. The firm notes Hilton had a solid Q4 and Q1/2024 EBITDA guide that was slightly ahead of estimates, yet still leaving room for upside. Wells remains on the sidelines due to valuation.
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- Hilton sees FY24 adjusted EPS $6.80-$6.94, consensus $7.07
- Hilton reports Q4 adjusted EPS $1.68, consensus $1.57