Deutsche upgrades Hyatt to Buy on catalyst path for shares

As previously reported, Deutsche Bank upgraded Hyatt (H) to Buy from Hold. The firm believes Hyatt has the “best catalyst path in lodging looking forward.” Accretion from the Playa deal, incremental owned asset sales, potential credit card renegotiation and exposure to top performing RevPAR trends in luxury and urban are catalysts for the shares, the analyst tells investors in a research note. Deutsche sees relative value in Hyatt versus peers.