Macquarie analyst Chad Beynon raised the firm’s price target on Hilton to $190 from $172 and keeps a Neutral rating on the shares. The analyst believes the lodging C-corps will beat Q4 estimates and provide 2024 guidance above consensus. The firm favors exposure to the high-end consumer and Asia-Pacific recovery. Its top picks remain Hyatt (H) and Playa Hotels (PLYA).
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