Truist Securities Adjusts Price Target for Hyatt Hotels Corporation
Lowering It to 168.00
Analyst Maintains Buy Rating
Truist Securities has announced a revised price target for shares of Hyatt Hotels Corporation (NYSE: H), adjusting it to $168.00. The previous target was set at $172.00. The firm's analyst, Patrick Scholes, maintains a Buy rating on the stock.
The adjustment in price target comes after a report released by Truist Financial on Thursday. In the report, the firm cited the challenging economic environment and its potential impact on the travel industry as reasons for the revised target.
Despite the lowered price target, Truist Securities remains positive on the long-term prospects for Hyatt Hotels. The firm believes that the company is well-positioned to benefit from the recovery in the travel industry as the pandemic subsides.
In addition to Truist Securities, Susquehanna Financial Group has also recently initiated coverage of Hyatt Hotels. Susquehanna has assigned the stock a Neutral rating with a price target of $160.00.
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