Truist analyst C. Patrick Scholes lowered the firm’s price target on Hyatt (H) to $158 from $169 after its Q3 earnings miss but keeps a Buy rating on the shares. The firm remains encouraged by further anticipated owned/leased asset sales, Hyatt Grand Central NYC and Andaz Liverpool Street under contract for redevelopment, and the continued growth of the all-inclusive space to soon include the 4.5-star Bahia Principe Hotels & Resorts JV, the analyst tells investors in a research note.
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Read More on H:
- Hyatt price target raised to $127 from $120 at Deutsche Bank
- Hyatt price target lowered to $172 from $178 at Wells Fargo
- Hyatt downgraded to Hold from Buy at HSBC
- Hyatt price target lowered to $144 from $151 at Barclays
- Hyatt Hotels Reports Strong Q3 2024 Results
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