Barclays analyst Brandt Montour raised the firm’s price target on Hyatt (H) to $127 from $122 and keeps an Equal Weight rating on the shares post the Q1 report. The company’s luxury portfolio outperformed across every vertical, but is outsized exposure to leisure demand dragged RevPAR down flattish to peers, the analyst tells investors in a research note.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on H: