Hilton Grand Vacations To Benefit From Selling Owned Inventory, Analyst Says
Portfolio Pulse from Nabaparna Bhattacharya
Mizuho analyst Ben Chaiken initiated coverage on Hilton Grand Vacations Inc. (NYSE:HGV) with a Buy rating and a price target of $63, citing potential revenue synergies from the Bluegreen transaction and benefits from selling more owned inventory. Chaiken forecasts a $1.24 billion EBITDA for FY24 and sees upside from conservative sales & marketing expectations. HGV shares rose 2.6% to $46.98.

March 26, 2024 | 6:21 pm
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Mizuho analyst Ben Chaiken initiated coverage on Hilton Grand Vacations with a Buy rating and a $63 price target, highlighting revenue synergies from the Bluegreen transaction and the transition to selling more owned inventory.
The initiation of coverage by Mizuho with a Buy rating and a significant price target suggests a strong bullish outlook for HGV. The detailed analysis by the analyst, including expected revenue synergies from the Bluegreen transaction and the strategic shift to selling more owned inventory, which carries higher EBITDA per transaction, provides a solid foundation for expecting a positive short-term impact on HGV's stock price. Additionally, the stock's positive price action following the announcement further supports this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100