Baird raised the firm’s price target on Hilton to $203 from $200 and keeps an Outperform rating on the shares. The firm said the bar was high ahead of the print to keep the momentum going, and Hilton’s update was good enough to match the elevated expectations. Earnings estimates remain biased higher over time, particularly as net unit growth accelerates in 2024 and beyond.
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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
