On Oct 22, major Wall Street analysts update their ratings for $Hilton Worldwide (HLT.US)$, with price targets ranging from $237 to $240.
BofA Securities analyst Shaun Kelley maintains with a buy rating.
Wells Fargo analyst Daniel Politzer maintains with a hold rating, and adjusts the target price from $200 to $237.
Evercore analyst Duane Pfennigwerth maintains with a hold rating, and adjusts the target price from $210 to $240.
Melius Research analyst Conor Cunningham initiates coverage with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Hilton Worldwide (HLT.US)$'s main analysts recently are as follows:
Expectations for Q3 results in the Lodging sector suggest they will align with corporate forecasts, despite finalized September data indicating that reaching the upper end of these forecasts may be challenging for certain companies. The overall year-over-year increase in U.S. RevPAR, combined with factors excluding China, continues to support the sector. Furthermore, the company's performance is tracking ahead of the general market consensus and is in line with expectations.
The expectation for the lodging group's quarterly performance appears to be subdued, potentially due to soft U.S. RevPAR growth in September. This may not bode well for the fourth quarter, considering an unfavorable calendar and the strong recent share performance. Amidst these conditions, preference is shown towards Hilton and Wyndham.
For the lodging sector, expectations are set for RevPAR to align with the lower end of company forecasts during Q3, with a varied outlook for Q4 owing to disruptions from weather and elections. Strong net unit growth is observed to uphold premium valuations, although it is noted that much of this may already be reflected in current pricing.
Adjustments in analytical models for Hilton have been made, considering changes in interest rates, recent company performance, and dialogues with company management. These adjustments are reflected in updated expectations for the company's future performance.
Estimates for asset-light lodging brand coverage have been adjusted, with minor modifications to third-quarter forecasts. This reflects a balance between a modestly softer domestic Revenue per Available Room (RevPAR) in the third quarter and stronger performance in Europe and Asia Pacific, excluding China. A more cautious stance is being adopted for the fourth quarter, influenced by an unfavorable calendar, short-term disruptions at certain major properties, and decelerated growth in China.
Here are the latest investment ratings and price targets for $Hilton Worldwide (HLT.US)$ from 4 analysts:
Note:
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