Hilton Grand Vacations downgraded to Equal Weight from Overweight at Barclays

Barclays analyst Brandt Montour downgraded Hilton Grand Vacations (HGV) to Equal Weight from Overweight with a price target of $41, down from $44. The firm says timeshare remains its least favorite sector in the gaming and leisure, but it is no longer net negative timeshare on a standalone basis, following its conference where all three operators sounded net positive post-election. Hilton Grand had a tough 2024, absorbing several quarters of worsening upgrade sales end execution missteps, the analyst tells investors in a research note. The firm says the realignment of the company’s sales force is a “slower moving fix.”