Hyatt price target raised to $151 from $141 at Stifel

Stifel analyst Simon Yarmak raised the firm’s price target on Hyatt to $151 from $141 and keeps a Hold rating on the shares. Hyatt Hotels announcing the sale of the Hyatt Regency Orlando to RIDA Development Corporation and an Ares Management Real Estate fund for $1.07B, while retaining a long-term management agreement under the Hyatt Regency brand, completes its disposition program and its “asset-lite” transformation, the analyst tells investors.