Melius Research analyst Conor Cunningham initiates coverage on $Hilton Worldwide (HLT.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 53.1% and a total average return of 6.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Hilton Worldwide (HLT.US)$'s main analysts recently are as follows:
Expectations are set for Q3 results to align with forecasted ranges for C-corporations in the Lodging sector, with the high end of these outlooks potentially challenging for some to reach. U.S. RevPAR saw an increase year-over-year, and the exclusion of China continues to provide a tailwind for the industry. Observations also indicate that the company's performance is trending positively in comparison to consensus estimates and within the anticipated ranges.
Observations indicate that U.S. RevPAR growth was subdued in September, which is anticipated to result in a 'muted' performance for Q3. An unfavorable calendar in Q4 may also not bode well when juxtaposed with the strong recent share performance. There continues to be a preference for companies like Hilton and Wyndham in this context.
The firm is modifying its forecasts for Hilton as part of an extensive review of REITs. This adjustment is a result of alterations in interest rates, the company's latest financial outcomes, and interactions with company management.
Note:
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