Barclays raised the firm’s price target on Hyatt to $119 from $116 and keeps an Equal Weight rating on the shares. The analyst expects travel and leisure demand to prove relatively resilient overall, but with pockets of varying weakness as consumers become more discerning with their budgets. The firm favor industries with attractive value propositions to the consumer and companies with unique growth catalysts or self-help. The rating change is part of Barclays’ 2024 gaming, lodging and leisure outlook.
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 today’s best-performing stocks on TipRanks >>
Read More on H:
- Hyatt price target raised by $14 at JPMorgan
- Lululemon downgraded, Datadog initiated: Wall Street’s top analyst calls
- Hyatt initiated with bullish view at Wells Fargo, here’s why
- Hyatt price target lowered to $143 from $146 at Truist
- Hyatt, Parks Hospitality Holdings collaborate on properties in Mexico