Hyatt price target raised to $154 from $146 at Stifel

Stifel raised the firm’s price target on Hyatt (H) to $154 from $146 and keeps a Hold rating on the shares after Sunstone Hotel Investors (SHO) announced that it purchased the Hyatt Regency San Antonio Riverwalk from Hyatt for $230M gross or $222M net. Year-to-date, the company has sold three assets with the sale price of two of the assets totaling $470M, bringing Hyatt closer to its asset light goals, the analyst tells investors.