Truist lowered the firm’s price target on Travel + Leisure to $59 from $66 but keeps a Buy rating on the shares as part of a broader research note on Vacation Ownership names following their Q3 earnings announcements. Travel + Leisure significantly differed in their view on demand trends as they called out their customer performing consistently well and remaining resilient whereas its peers saw a softening through the quarter and also noted consumers are starting to feel the impact of higher interest rates and inflation, the analyst tells investors in a research note. The firm adds however that while the ccore Vacation Ownership customer continues to not show signs of weakness, Travel + Leisure’s Travel and Membership segment continues to be challenged.
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Read More on TNL:
- 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
- Travel + Leisure reports Q3 adjusted EPS $1.54, consensus $1.47