Hyatt price target raised to $172 from $162 at JPMorgan

JPMorgan analyst Joseph Greff raised the firm’s price target on Hyatt to $172 from $162 and keeps an Overweight rating on the shares after meeting with management. The analyst cites improving mix on a slightly higher target multiple for the target increase. The firm sees further success in Hyatt’s owned asset dispositions and ensuing further positive mix shift as catalysts for a further narrowing the stock’s valuation multiple discount relative to peers.