David Katz, an analyst from Jefferies, maintained the Buy rating on Hilton Worldwide Holdings (HLT – Research Report). The associated price target remains the same with $296.00.
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David Katz has given his Buy rating due to a combination of factors that highlight Hilton Worldwide Holdings’ strong market positioning and growth potential. The company’s brand strength and strategic capital allocation are expected to drive continued growth, aligning with Katz’s optimistic outlook. Management’s positive commentary on domestic travel stabilization and market strength in regions like Europe, the Middle East, and APAC further supports this view.
Additionally, Hilton’s focus on conversion opportunities, with branded hotels making up a significant portion of the market, presents a large total addressable market. The company’s disciplined approach to key money deployment and its luxury strategy, which enhances the overall brand portfolio, are seen as valuable growth drivers. Furthermore, Hilton’s technological advancements, such as the Connected Room technology and AI-driven efficiencies, are expected to improve service delivery and operational efficiency, reinforcing Katz’s confidence in the company’s ability to sustain earnings growth across various economic scenarios.
In another report released on May 30, Morgan Stanley also maintained a Buy rating on the stock with a $254.00 price target.
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