Truist lowered the firm’s price target on Travel + Leisure to $60 from $65 and keeps a Buy rating on the shares as part of a broader research note on Vacation Ownership names. The firm is revising its estimates following a quarter that saw macro-related issues and/or idiosyncratic problems for the sector, citing higher loan loss provision percentages amid pressure on the lower financial demographic customers and the elongated post-wildfire recovery in Maui, the analyst tells investors in a research note.
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