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Hilton price target raised to $220 from $208 at Truist
The Fly

Hilton price target raised to $220 from $208 at Truist

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.

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