Hyatt price target lowered to $143 from $146 at Truist

Truist lowered the firm’s price target on Hyatt to $143 from $146 but keeps a Buy rating on the shares after its Q3 results last week. The company’s earnings commentary was encouraging, outweighing its tough y/y comps, the analyst tells investors in a research note. The consensus investor sentiment on Hyatt remains favorable to the company’s growth potential, both Legacy Hyatt and the ALG business, but with some frustration towards another negative stock reaction following earnings, the firm added.