BofA analyst Shaun Kelley raised the firm’s price target on Hyatt (H) to $175 from $165 and keeps a Buy rating on the shares. The firm expects Q3 results to be within outlook ranges for C-corps in the Lodging sector and its tracker is unchanged with finalized September data, although the firm thinks the high end of outlooks may be difficult to achieve for some, the analyst tells investors. Overall, Q3 U.S. RevPAR was up year-over-year and ex-China remains a tailwind for the sector, the firm adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on H:
- Hyatt price target raised to $155 from $145 at Evercore ISI
- Hyatt price target raised to $169 from $164 at Truist
- Hyatt grows luxury, lifestyle brand footprint across the Americas region
- Hyatt initiated with a Neutral at Goldman Sachs
- Intel lands AWS deal, prepares for possible factory split: Morning Buzz