Truist raised the firm’s price target on Hilton (HLT) to $253 from $246 and keeps a Hold rating on the shares after its Q3 earnings beat. The company saw strong growth in Asia-Pacific development including in luxury and lifestyle with a portfolio growth of 50% and also had another reassuring earnings call in a time of continued macro softness, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HLT: