Hyatt price target lowered to $185 from $194 at Morgan Stanley

Morgan Stanley analyst Stephen Grambling lowered the firm’s price target on Hyatt (H) to $185 from $194 and keeps an Overweight rating on the shares. Q4 results and 2026 guidance from the firm’s covered lodging companies “generally” exceeded estimates, but conflict in Iran warrants near-term caution, the analyst tells investors in a note on the group.