Morgan Stanley analyst Stephen Grambling raised the firm’s price target on Hilton (HLT) to $274 from $265 and keeps an Overweight rating on the shares. 2025 outlooks resemble 2024 in lodging, with low RevPAR, stable net unit growth, but a challenged development backdrop, notes the firm, which recommends investors stick with names able to sustain, or even grow, in-construction pipelines with limited use of capital.
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