Hyatt price target raised to $163 from $158 at Truist

Truist analyst C. Patrick Scholes raised the firm’s price target on Hyatt (H) to $163 from $158 and keeps a Buy rating on the shares. The company has largely succeeded on its path to be more asset-lite and still leading the industry in net rooms growth for the eighth years running, but the Playa (PLYA) acquisition news will likely remain a partial overhang on the stock until the completion of the company purchase and until asset sales transpire, the analyst tells investors in a research note. Truist adds however that the core Hyatt business is growing very well with adjusted EBITDA growth in 2025 estimated to be up 8%-13% y/y net of asset sales.