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Wells Fargo Maintains Hilton Worldwide(HLT.US) With Hold Rating, Raises Target Price to $237

Futu News ·  Oct 22 21:31  · Ratings

Wells Fargo analyst Daniel Politzer maintains $Hilton Worldwide (HLT.US)$ with a hold rating, and adjusts the target price from $200 to $237.

According to TipRanks data, the analyst has a success rate of 56.8% and a total average return of 9.4% over the past year.

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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 to remain within the forecasted ranges for corporations in the Lodging sector. Despite finalized data for September, reaching the higher end of these forecasts may pose a challenge for some. The overall year-over-year increase in Q3 U.S. RevPAR and the ongoing positive momentum outside of China are seen as encouraging signs for the sector. Moreover, the company's performance is tracking ahead of the general consensus and aligns with its projected outlooks.

  • It is anticipated that the lodging group's Revenue Per Available Room (RevPAR) for Q3 will align with the lower end of company expectations, with varied perspectives on Q4 due to potential disturbances from weather and elections. The robust expansion in net units continues to justify higher valuations, although it is suggested that this factor is already reflected in the current prices.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

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