TD Cowen analyst Kevin Kopelman maintained a Buy rating on Hilton Worldwide Holdings today and set a price target of $291.00.
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Kevin Kopelman’s rating is based on several factors that suggest a positive outlook for Hilton Worldwide Holdings despite recent challenges in the hotel industry. While recent data indicates a slight decline in revenue per available room (RevPAR) in the U.S. and a slowdown in international markets over the past six weeks, these trends were anticipated by the market. The expectation is that Hilton may align with the positive quarterly-to-date trends reported by airlines like Delta and United, indicating potential improvement.
Furthermore, although U.S. hotel construction starts have been decreasing, the overall performance in international markets was strong during the quarter, particularly in April and May. This suggests that Hilton’s global presence could help offset some of the domestic pressures. Investors are hopeful that Hilton will reflect these improving trends, which supports Kopelman’s Buy rating for the stock.
Kopelman covers the Consumer Cyclical sector, focusing on stocks such as Booking Holdings, Airbnb, and Trip.com Group Sponsored ADR. According to TipRanks, Kopelman has an average return of 8.4% and a 62.33% success rate on recommended stocks.
In another report released on July 16, Robert W. Baird also maintained a Buy rating on the stock with a $276.00 price target.