HSBC Downgrades Hyatt Hotels to Hold, Announces $156 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Meredith Jensen has downgraded Hyatt Hotels from Buy to Hold, setting a price target of $156.
November 01, 2024 | 12:19 pm
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HSBC has downgraded Hyatt Hotels from Buy to Hold, with a price target of $156, indicating a more cautious outlook on the stock.
The downgrade from Buy to Hold by HSBC suggests a less optimistic view on Hyatt's stock performance, which could lead to a short-term negative impact on its stock price. The price target of $156 provides a specific valuation benchmark for investors.
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