Baird Maintains Outperform Rating for Hilton Worldwide Holdings: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Baird has reaffirmed its Outperform rating for Hilton Worldwide Holdings (NYSE:HLT) and increased its price target from $203.00 to $210.00. Despite a recent 0.81% decline in share price to $205.25, the new target suggests a potential 2.31% upside. Hilton operates 1.2 million rooms across 22 brands, with Hampton and Hilton being the largest. The company's growth is supported by new brands and a partnership with Small Luxury Hotels, mainly generating revenue through managed and franchised hotels in the Americas.
March 15, 2024 | 5:00 pm
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Baird maintains Outperform rating for Hilton Worldwide Holdings and raises price target to $210, indicating a potential 2.31% increase from the current price.
The reaffirmation of the Outperform rating and the increase in price target by Baird reflect a positive outlook on Hilton Worldwide Holdings, suggesting confidence in the company's growth trajectory and operational strategy. The potential 2.31% upside to the new target price indicates an expectation of stock appreciation, likely driven by Hilton's strong brand portfolio, recent brand launches, and strategic partnerships. The slight dip in share price presents a buying opportunity for investors, aligning with Baird's optimistic view.
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