Truist lowered the firm’s price target on Hilton Grand Vacations to $66 from $73 and keeps a Buy rating on the shares as part of a broader research note on Vacation Ownership names. The company’s purchase of Bluegreen Vacations announced last week was not “inexpensive” and the company will have to realize the full expected synergies to make the deal accretive, the analyst tells investors in a research note.
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Read More on HGV:
- Hilton Grand Vacations price target lowered to $53 from $56 at Deutsche Bank
- Bluegreen Vacations downgraded to Neutral from Buy at B. Riley
- Hilton Grand Vacations price target lowered to $42 from $53 at Barclays
- Bluegreen Vacations (NYSE:BVH) Skyrockets 105% on $1.5B Takeover Deal
- Hilton Grand Vacations lowers FY23 EBITDA view to $1B-$1.02B from $1.09B-$1.12B