Morgan Stanley lowered the firm’s price target on Hyatt to $153 from $161 and keeps an Equal Weight rating on the shares. The firm’s 2024 and 2025 EBITDA estimates move down following Hyatt’s Q2 miss and lower guidance, says the analyst, who adds that higher operating leverage amid a slowing backdrop and weaker organic rooms growth keep the firm sidelined.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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>>
Read More on H: