Mizuho initiated coverage of Travel + Leisure with a Neutral rating and $55 price target. The company faces headwinds in the timeshare business from channel mix, while high interest rates are a headwind to the company’s financing, the analyst tells investors in a research note. However, the firm believes these headwinds are largely priced into the shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TNL:
- Travel + Leisure raises quarterly dividend to 50c from 45c per share
- Travel + Leisure Co Enhances Investor Communication Strategy
- Travel + Leisure management to meet with Truist
- Travel + Leisure price target raised to $65 from $59 at Truist
- Travel + Leisure price target raised to $44 from $37 at Barclays