Hyatt price target raised to $150 from $138 at Baird

Baird raised the firm’s price target on Hyatt to $150 from $138 and keeps a Neutral rating on the shares. The firm said the asset-lighter narrative has regained momentum, and the stock has re-rated higher as a result despite like-for-like 2024 Adjusted EBITDA guidance being in line with prior forecasts.