Hilton price target raised to $258 from $220 at Truist

Truist raised the firm’s price target on Hilton (HLT) to $258 from $220 and keeps a Hold rating on the shares after its Q4 earnings beat. The company continues to show excellence in strategy, consistency, and a lack of complication in the business model, the analyst tells investors in a research note. Hilton is pushing more into luxury and lifestyle brands, but a fair amount is outside the U.S. where labor cost pressures are lower and profit flow more appealing to prospective owners and lenders, the firm added.