Goldman Sachs analyst Lizzie Dove downgraded Hyatt (H) to Sell from Neutral with a price target of $110, down from $150 The firm firm cites the increasingly uncertain demand backdrop for the downgrade, saying Hyatt is one of the most macro-sensitive stocks in its coverage. Goldman appreciates the company’s shift to asset light fees over the last few years, but is “slightly more cautious” versus peers due to Hyatt’s higher mix of management contracts, China exposure, and more limited embedded growth in the in-construction pipeline.
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 H:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue