On Nov 02, major Wall Street analysts update their ratings for $Hyatt Hotels (H.US)$, with price targets ranging from $155 to $172.
Wells Fargo analyst Daniel Politzer maintains with a buy rating, and maintains the target price at $172.
Evercore analyst Duane Pfennigwerth maintains with a hold rating, and maintains the target price at $155.
HSBC analyst Meredith Jensen initiates coverage with a hold rating, and sets the target price at $156.
Truist Financial analyst Patrick Scholes maintains with a buy rating, and adjusts the target price from $169 to $158.
Furthermore, according to the comprehensive report, the opinions of $Hyatt Hotels (H.US)$'s main analysts recently are as follows:
Hyatt's unit growth momentum has experienced an unexpected deceleration, which seems to be a dynamic particular to the company following the Q3 report.
The company's Q3 EBITDA was reported to be 1% below the consensus. It is noted that the company anticipates strength in its business travel and group sectors, while revenue per available room (RevPar) in China has stabilized and is expected to experience growth due to stimulus measures.
Hyatt's Q3 outcomes aligned with expectations, yet there was a reduction in the forecast for FY24 NUG, according to an analyst. This adjustment is perceived more as a temporary setback rather than an indication of a more significant problem, and the analyst continues to recommend purchasing shares.
Here are the latest investment ratings and price targets for $Hyatt Hotels (H.US)$ from 4 analysts:
Note:
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