Tigress Financial initiated coverage of Travel + Leisure with a Buy rating and $52 price target. The analyst says favorable travel industry trends combined with Travel + Leisure’s strong brand portfolio, execution, and cash flow generation will continue to drive strong yields, returns, and further its shareholder value creation. The company is well positioned to benefit from strong consumer travel spending trends driven by its diversified product and brand portfolio, the analyst tells investors in a research note.
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Read More on TNL:
- Travel + Leisure price target lowered to $66 from $67 at Truist
- Travel + Leisure price target lowered to $43 from $44 at Barclays
- Travel + Leisure sees FY23 adjusted EBITDA $925M-$945M
- Travel + Leisure sees Q3 adjusted EPS $1.43-$1.55, consensus $1.60
- Travel + Leisure reports Q2 adjusted EPS $1.33, consensus $1.34