Truist raised the firm’s price target on Hilton (HLT) to $220 from $208 and keeps a Hold rating on the shares after its Q3 earnings beat. The company’s initial expectation of 2025 RevPAR growth is also “quite similar” to 2024 in aggregate, suggesting that earnings could be driven primarily by similar fundamentals as today – high-margin net unit growth and non-RevPAR factors such as credit card fees, the analyst tells investors in a research note. Truist adds however that its neutral stance reflects the current macro lodging demand trends and a premium multiple vs. the stock’s historical range.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HLT: