Evercore ISI raised the firm’s price target on Hyatt (H) to $155 from $145 and keeps an In Line rating on the shares. The firm is adjusting estimates for its asset-light lodging brand coverage, noting “slight tweaks” to Q3 estimates, as slightly softer Q3 domestic RevPAR is offset by better Europe and Asia Pacific ex-China performance, and telling investor that it is taking “a more conservative view” on Q4, citing a less favorable calendar, short-term disruption at some key assets and slower growth in China.
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 H:
- Hyatt price target raised to $169 from $164 at Truist
- Hyatt grows luxury, lifestyle brand footprint across the Americas region
- Hyatt initiated with a Neutral at Goldman Sachs
- Intel lands AWS deal, prepares for possible factory split: Morning Buzz
- Oracle’s Opera Cloud hospitality management platform selected by Hyatt