Hilton Grand downgraded to Equal Weight from Overweight at Morgan Stanley

Morgan Stanley analyst Stephen Grambling downgraded Hilton Grand Vacations (HGV) to Equal Weight from Overweight with an unchanged price target of $49. After the recent rally, the firm downgraded several stocks and takes a more balanced view of the gaming, lodging and leisure space heading into 2026. While consumers should benefit from stimulus and businesses appear poised to increase travel, goods are getting renewed interest in a falling rate environment and the cycle is later for services, the analyst tells investors in a research note. Morgan Stanley is trimming its expose to the group.