Hilton price target lowered to $256 from $265 at TD Cowen

TD Cowen lowered the firm’s price target on Hilton (HLT) to $256 from $265 and keeps a Buy rating on the shares. The firm noted RevPAR missed at 1.4% versus guide 2-3% on weak September driven by calendar, US/APAC, weather, labor, and China.