Jefferies analyst David Katz upgraded Hilton (HLT) to Buy from Hold with a price target of $296, up from $228. The company’s business model strength is positioned to grow through the currently uncertain business climate, and therefore peak multiples are appropriate, the analyst tells investors in a research note. The firm says the earnings growth and durability of Hilton justify a higher valuation, as the current economic uncertainty provides an opportunity.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HLT:
- Hilton put volume heavy and directionally bearish
- Hilton price target lowered to $223 from $251 at Truist
- Hilton price target raised to $246 from $242 at Baird
- Hilton price target lowered to $232 from $233 at Barclays
- Hilton Worldwide Holdings: Strong Financial Performance and Growth Prospects Justify Buy Rating
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue