Hyatt Hotels shares are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight but raised its price target from $149 to $156.
Portfolio Pulse from Benzinga Newsdesk
Hyatt Hotels' stock trades lower following a downgrade by Morgan Stanley from Overweight to Equal-Weight, despite an increase in the price target from $149 to $156.
March 11, 2024 | 1:16 pm
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Hyatt Hotels' shares experienced a decrease in value after Morgan Stanley downgraded the stock from Overweight to Equal-Weight, albeit with a raised price target from $149 to $156.
The downgrade by Morgan Stanley, a significant financial institution, suggests a more cautious outlook on Hyatt Hotels despite the raised price target. This mixed signal can lead to short-term negative sentiment among investors, causing the stock price to drop.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100