Truist analyst C. Patrick Scholes raised the firm’s price target on Travel + Leisure (TNL) to $72 from $61 and keeps a Buy rating on the shares as part of a broader research note on Lodging and Vacation Ownership companies. The companies discussed beat consensus expectations for Q4 earnings and did not experience any unexpected operational hiccups, the analyst tells investors in a research note, adding that there were also no negative surprises with the loan loss provisions following surprising upticks and/or charges in the first half of 2024. The firm is also rolling forward its valuations to reflect 2026 estimates, Truist added.
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