Travel + Leisure price target raised to $58 from $54 at Tigress Financial

Tigress Financial raised the firm’s price target on Travel + Leisure to $58 from $54 and keeps a Buy rating on the shares. The company remains well-positioned to benefit from the value of vacation ownership, and its ability to drive growth through a combination of property development, membership sales, and increases in subscription and resort operating will continue to drive consistent revenue and cash flow growth, the analyst tells investors in a research note. The potential for lower interest rates will also provide a further tailwind for Travel + Leisure, Tigress added.