Hilton price target raised to $290 from $270 at Argus

Argus raised the firm’s price target on Hilton (HLT) to $290 from $270 and keeps a Buy rating on the shares. The firm contends that a recovery in business and leisure travel will lead to increased room demand, along with higher RevPAR and management fees, the analyst tells investors in a research note. Argus also remains positive on Hilton longer term based on the company’s solid development pipeline, new brands, and well- regarded loyalty program.