Mizuho upgraded Travel + Leisure (TNL) to Outperform from Neutral with a price target of $72, up from $63. The firm views the shares as “incrementally compelling” following the underperformance versus Hilton Grand Vacations (HGV). Travel + Leisure faces an earnings inflection easy tour comparisons in the second half of 2025 and upside in 2026 from the new Sports Illustrated brand, the analyst tells investors in a research note.
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