Wells Fargo initiated coverage of Hyatt Hotels with an Overweight rating and $138 price target, implying 15% upside. The firm views the company’s ongoing asset-light transition as highly accretive. Hyatt has exposure to group and high-end leisure, which will outperform lower chain scales in 2024, the analyst tells investors in a research note. The firm sees a “reasonable” valuation at current share levels.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on H: