Hilton price target raised to $215 from $212 at Baird

Baird raised the firm’s price target on Hilton to $215 from $212 and keeps an Outperform rating on the shares. The firm said 1Q24 earnings were better than expected despite softer RevPAR growth domestically. The near-term fundamental outlook is relatively unchanged, and continued momentum with signings, starts, and openings is a positive.