Hyatt price target raised to $160 from $150 at Baird

Baird raised the firm’s price target on Hyatt to $160 from $150 and keeps a Neutral rating on the shares. The firm met with management who continues to strike an upbeat tone toward the continued positive fundamental outlook, the significant net unit growth opportunities that lie ahead, and the steps being taken to drive shareholder value and to close the valuation discount, particularly asset sales progress.