Hilton price target raised to $353 from $345 at Susquehanna

Susquehanna raised the firm’s price target on Hilton (HLT) to $353 from $345 and keeps a Neutral rating on the shares. The firm said given the recent positive commentary from several U.S. airlines, the company’s read on leisureand business travel demand is not surprising, with both groups showing healthy demand levels into the spring and summer. What is surprising is the company’s expectation for improving performance w/in lower and mid-chain scales, with RevPAR moving towards a “more balanced convergence demand shape”, or “C-shaped” economy.