Hilton Grand Vacations price target raised to $55 from $50 at Citizens

Citizens analyst Aaron Hecht raised the firm’s price target on Hilton Grand Vacations (HGV) to $55 from $50 and keeps an Outperform rating on the shares. Hilton Grand Vacations’ financial engineering should continue to benefit performance as around $600M should be bought back this year, which represents almost 20% of the outstanding shares, the analyst tells investors in a research note. The firm views the shares as undervalued.