Morgan Stanley Maintains Overweight on Hyatt Hotels, Lowers Price Target to $132
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Trent has maintained an Overweight rating on Hyatt Hotels (NYSE:H) but lowered the price target from $136 to $132.

August 04, 2023 | 5:08 pm
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Morgan Stanley has maintained an Overweight rating on Hyatt Hotels but lowered the price target from $136 to $132.
The news is directly related to Hyatt Hotels. The Overweight rating indicates that Morgan Stanley expects the stock to outperform the market, which is positive. However, the lowering of the price target could be seen as a negative signal, suggesting that the analyst expects less upside than before. The net impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100