On Oct 22, major Wall Street analysts update their ratings for $Hyatt Hotels (H.US)$, with price targets ranging from $155 to $178.
BofA Securities analyst Shaun Kelley maintains with a buy rating.
Wells Fargo analyst Daniel Politzer maintains with a buy rating, and adjusts the target price from $167 to $178.
Evercore analyst Duane Pfennigwerth maintains with a hold rating, and adjusts the target price from $145 to $155.
Bernstein analyst Richard Clarke maintains with a buy rating, and maintains the target price at $178.
Furthermore, according to the comprehensive report, the opinions of $Hyatt Hotels (H.US)$'s main analysts recently are as follows:
The expectation is that Q3 results for corporations in the Lodging sector will align with forecasted outlooks, although reaching the upper end may prove challenging for certain entities. With the finalized data for September, the U.S. RevPAR showed year-over-year improvement, and the sector is experiencing a positive effect, particularly when excluding China.
The firm anticipates that for the lodging sector, Q3 RevPAR may align with the lower end of company forecasts, with varied expectations for Q4 influenced by factors like weather and election events. Notably, robust net unit growth is underpinning premium valuations, although it is believed that current valuations already reflect much of this positive outlook.
The firm is adjusting estimates for its asset-light lodging brand coverage, with minor modifications to Q3 forecasts. This adjustment accounts for a somewhat softer Q3 domestic RevPAR, balanced by stronger performance in Europe and the Asia Pacific regions, excluding China. The firm also indicates a cautious stance on Q4 projections, considering factors such as an unfavorable calendar, short-term disruptions at certain major properties, and decelerating growth in China.
Here are the latest investment ratings and price targets for $Hyatt Hotels (H.US)$ from 4 analysts:
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