JMP Securities analyst Aaron Hecht initiated coverage of Hilton Grand Vacations with an Outperform rating and $55 price target. The analyst initiated coverage on the timeshare industry with a positive outlook. Strong demographic trends and consolidation across the vacation ownership industry has resulted in an environment where the top operators should be able to realize outsized value over the next decade, the analyst tells investors in a research note. The firm believes near-term headwinds have been priced into the stocks and/or are reflected in 2024 and 2025 estimates.
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Read More on HGV:
- ‘Time to Hit Buy,’ Says Jefferies About These 2 Timeshare Stocks
- Hilton Grand Vacations upgraded to Buy from Hold at Jefferies
- Bluegreen Vacations announces expiration of HSR waiting period for HGV deal
- Hilton Grand Vacations price target raised to $47 from $42 at Barclays
- Hilton Grand Vacations price target raised by $5 at Barclays, here’s why
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