Barclays analyst Brandt Montour lowered the firm’s price target on Travel + Leisure to $43 from $44 and keeps an Equal Weight rating on the shares post the in line Q2 results. The analyst says timeshare close rates softened throughout Q2 against tough comps, which is not unlike what the firm is seeing in U.S. leisure hotel spend.
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Read More on TNL:
- 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
- TNL Upcoming Earnings Report: What to Expect?
- Travel + Leisure names Amandine Robin as Chief Brand & Communications Officer