Travel + Leisure price target raised to $60 from $55 at Citizens JMP

Citizens JMP analyst Aaron Hecht raised the firm’s price target on Travel + Leisure (TNL) to $60 from $55 and keeps an Outperform rating on the shares. Travel + Leisure reported solid Q4 results, with guidance implying strong vacation ownership interest sales growth, highlighting the continued resilience of the consumer demand, the analyst tells investors in a research note. The firm believes consumers are continuing to see the value in timeshare products, which combined with Travel + Leisure’s stock repurchases and dividend increases, offer a compelling investment opportunity.