HSBC Initiates Coverage On Hyatt Hotels with Buy Rating, Announces Price Target of $133
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Meredith Jensen has initiated coverage on Hyatt Hotels (NYSE:H) with a Buy rating and a price target of $133.
October 23, 2023 | 10:09 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
HSBC has initiated coverage on Hyatt Hotels with a Buy rating and a price target of $133, which could potentially boost investor confidence in the stock.
The initiation of coverage by HSBC, a major financial institution, with a Buy rating indicates a positive outlook for Hyatt Hotels. The price target of $133, if significantly higher than the current price, could suggest an expected increase in the stock's value. This could potentially attract more investors, driving up the demand and price of the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100