Morgan Stanley lowered the firm’s price target on Travel + Leisure (TNL) to $68 from $69 and keeps an Overweight rating on the shares. The firm updated estimates in the lodging group to reflect recent industry data. While interest rate cuts won’t be a “panacea,” there is a path to RevPAR trends stabilizing and better hotel development, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TNL: