Macquarie raised the firm’s price target on Hyatt to $145 from $136 and keeps an Outperform rating on the shares. The analyst believes the lodging C-corps will beat Q4 estimates and provide 2024 guidance above consensus. The firm favors exposure to the high-end consumer and Asia-Pacific recovery. Its top picks remain Hyatt (H) and Playa Hotels (PLYA).
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Read More on H:
- Charter downgraded, Cigna upgraded: Wall Street’s top analyst calls
- Hyatt downgraded to In Line from Outperform at Evercore ISI
- Hyatt price target raised to $128 from $119 at Barclays
- Hyatt downgraded to Neutral from Buy at Redburn Atlantic
- Hyatt price target raised to $144 from $135 at Morgan Stanley
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