BofA lowered the firm’s price target on Travel + Leisure to $33 from $37 and keeps an Underperform rating on the shares. Travel & Leisure recently cut its fiscal year guidance by 3% driven by further softness in its Travel & Membership segment, notes the analyst, who lower the firm’s estimates given the sector issues, sales risks and higher rates.
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Read More on TNL:
- Travel + Leisure price target lowered to $59 from $66 at Truist
- Travel + Leisure price target raised to $54 from $52 at Tigress Financial
- Travel + Leisure price target lowered to $37 from $38 at Barclays
- Travel + Leisure cuts FY23 adjusted EBITDA view to $900M-$915M
- Travel + Leisure sees Q4 adjusted EPS $1.32-$1.46, consensus $1.54