Barclays Maintains Equal-Weight on Hyatt Hotels, Raises Price Target to $128
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandt Montour has maintained an Equal-Weight rating on Hyatt Hotels Corporation (NYSE:H) and increased the price target from $119 to $128. This adjustment reflects a positive view on the stock's potential performance.
January 29, 2024 | 12:19 pm
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Barclays has maintained an Equal-Weight rating on Hyatt Hotels but raised the price target from $119 to $128, indicating a positive outlook on the stock's value.
The increase in price target by Barclays suggests that the analyst sees potential for Hyatt Hotels' stock price to rise, which could positively influence investor sentiment and the stock's short-term performance. The Equal-Weight rating indicates that the stock is expected to perform in line with the analyst's coverage universe, but the raised target price implies a belief in the company's ability to grow its value.
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