Stephen Grambling, an analyst from Morgan Stanley, maintained the Buy rating on Travel + Leisure Co (TNL – Research Report). The associated price target was raised to $68.00.
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Stephen Grambling has given his Buy rating due to a combination of factors that suggest a promising outlook for Travel + Leisure Co. The company showcased strong performance in the fourth quarter with significant improvements in VPG growth, which surpassed expectations from the previous quarter. This positive trend contributes to an optimistic perspective, with expectations of further growth acceleration that could enhance the stock’s value.
Additionally, Grambling points to the company’s robust EBITDA projections for 2025 and 2026, which reflect notable year-over-year growth supported by lower interest rates from recent financial activities. Moreover, the increase in net VOI sales and improved transaction volumes in the travel and membership segment bolster the company’s financial health. With these elements combined, Grambling sees a 16% upside potential, justifying the Buy rating.
In another report released today, JMP Securities also maintained a Buy rating on the stock with a $60.00 price target.