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Travel + Leisure price target raised to $54 from $39 at Barclays

Barclays analyst Brandt Montour raised the firm’s price target on Travel + Leisure (TNL) to $54 from $39 and keeps an Underweight rating on the shares. The company reported an in-line Q2 In-line 2Q with strong timeshare offset by a weak exchange, the analyst tells investors in a research note. The firm says Travel + Leisure’s reaffirmed outlook is better than the low expectations heading into the print.

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