Baird analyst Michael Bellisario raised the firm’s price target on Hilton to $210 from $203 and keeps an Outperform rating on the shares. The firm said they expect a bullish outlook and positive commentary from management at next week’s investor day. Baird also expects Hilton to highlight its attractive multi-year financial outlook, the benefits of scale, robust net unit growth profile, and conversion and development opportunities, including from recent and new brand introductions.
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