Jefferies Upgrades Travel+Leisure to Buy, Raises Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst David Katz has upgraded Travel+Leisure (NYSE:TNL) from Hold to Buy and increased the price target from $37 to $57, indicating a positive outlook for the company's stock.
January 02, 2024 | 11:22 am
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POSITIVE IMPACT
Travel+Leisure's stock rating has been upgraded by Jefferies from Hold to Buy, with a significant increase in the price target from $37 to $57, suggesting a bullish stance on the stock.
The upgrade from Hold to Buy by a reputable analyst at Jefferies is a strong signal to the market, often leading to increased investor confidence and a potential rise in the stock price in the short term. The substantial raise in the price target further emphasizes the analyst's positive view on the stock's future performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100