Travel + Leisure price target raised to $36 from $31 at Credit Suisse

Credit Suisse analyst Benjamin Chaiken raised the firm’s price target on Travel + Leisure to $36 from $31 and keeps an Underperform rating on the shares. The firm notes Q4 results came in light, Q1 guide was also slightly lower-than-expected, but the full year EBITDA guide was nicely above expectations. Industry trends sound healthy, but Credit Suisse is slightly concerned about the implied cadence of results.