Truist lowered the firm’s price target on Hilton Grand Vacations (HGV) to $62 from $63 and keeps a Buy rating on the shares as part of a broader research note on Lodging names. Q2 was another “steady-eddie” quarter for the Vacation Ownership companies, a theme that the firm continues to see for the second half of the year, with full-year EBITDA guides also again unchanged, the analyst tells investors in a research note. The affirmed outlook attests to the resilience of the business model during times of economic shakiness, Truist added.
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