Evercore analyst Duane Pfennigwerth maintains $Hilton Worldwide (HLT.US)$ with a hold rating, and adjusts the target price from $210 to $240.
According to TipRanks data, the analyst has a success rate of 46.6% and a total average return of -0.5% 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 for Hilton's Q3 results are anticipated to align with the forecasted ranges for corporations in the Lodging sector, despite finalized September data suggesting the higher end of these forecasts may be challenging for some to attain. Overall, U.S. RevPAR saw an increase on a year-over-year basis, with performance excluding China continuing to support the sector's growth. It's also noted that the company's performance is trending upwards, remaining consistent with forecasted outlooks.
U.S. RevPAR growth appeared subdued in September, which is likely to have resulted in a 'muted' performance for the quarter. With an unfavorable calendar expected in the fourth quarter, this does not bode well considering the strong recent performance of the shares. A preference remains for companies like Hilton and Wyndham.
The firm is revising its models based on fluctuations in interest rates, the latest company results, and conversations with company management.
Note:
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