Wells Fargo analyst Daniel Politzer maintains $Hyatt Hotels (H.US)$ with a buy rating, and adjusts the target price from $167 to $178.
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.
Furthermore, according to the comprehensive report, the opinions of $Hyatt Hotels (H.US)$'s main analysts recently are as follows:
Expectations are set for Q3 results to align with forecasts for corporations in the Lodging sector. Although finalized September data holds steady, achieving the upper range of forecasts may pose a challenge for some entities. Notably, U.S. RevPAR has shown a year-over-year increase, and the market, excluding China, continues to serve as a positive influence for the sector.
It is anticipated that the lodging sector's Q3 revenue per available room (RevPAR) will align with the lower end of company expectations, with a varied outlook for Q4 due to potential disturbances from weather and elections. Nevertheless, robust net unit growth is still contributing to the sustained high valuations, although this factor is already reflected in current market prices.
Adjustments have been made to estimates for the asset-light lodging brand sector, acknowledging minor modifications to the third-quarter forecasts. This comes as a slightly weaker third-quarter domestic Revenue per Available Room is balanced by stronger performance in Europe and the Asia Pacific, excluding China. A more cautious outlook is being adopted for the fourth quarter, taking into account factors such as an unfavorable calendar, short-term disruptions at certain major properties, and decelerating growth in China.
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