Redburn Atlantic Downgrades Hyatt Hotels to Neutral, Raises Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Redburn Atlantic analyst Alex Brignall has downgraded Hyatt Hotels (NYSE:H) from Buy to Neutral while increasing the price target from $120 to $130.
January 16, 2024 | 11:44 am
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NEUTRAL IMPACT
Hyatt Hotels was downgraded by Redburn Atlantic from Buy to Neutral, although the price target was raised from $120 to $130.
The downgrade to Neutral suggests that Redburn Atlantic believes Hyatt Hotels is fairly valued at its current price, indicating a neutral short-term price movement. However, the increase in the price target to $130 implies a positive outlook on the company's fundamentals and potential growth, which could counterbalance the downgrade's negative sentiment. The mixed signals may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100