Hilton Grand Vacations shares are trading higher after Jefferies upgraded the stock from Hold to Buy and raised its price target from $39 to $50.
Portfolio Pulse from Benzinga Newsdesk
Hilton Grand Vacations (HGV) stock is trading higher following an upgrade from Jefferies, moving from a 'Hold' to a 'Buy' rating. Additionally, Jefferies increased the price target for HGV from $39 to $50.
January 02, 2024 | 3:04 pm
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Jefferies upgraded Hilton Grand Vacations to 'Buy' from 'Hold' and raised the price target from $39 to $50, indicating a positive outlook on the stock.
The upgrade by Jefferies to a 'Buy' rating typically suggests a positive sentiment towards the stock's future performance. The significant increase in the price target from $39 to $50 represents a substantial upside potential, which could lead to increased investor interest and a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100