Hilton price target raised to $285 from $275 at BofA

BofA raised the firm’s price target on Hilton (HLT) to $285 from $275 and keeps a Buy rating on the shares. The firm notes that its lodging trackers are in-line to marginally better than its estimates, but thinks investor expectations are muted and sentiment is cautious heading into earnings from the group. Among C-Corps, the firm raised its Hilton target multiple to a peak cycle multiple and among lodging REITs it adjusted its price targets on Ryman and Summit ahead of earnings.