Goldman Sachs Lowers PT on Hyatt Hotels (H)

June 14, 2012 7:30 AM EDT
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Price: $54.51 +0.13%

Rating Summary:
    8 Buy, 16 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Goldman Sachs lowered their price target on Neutral-rated Hyatt Hotels (NYSE: H) from $46.00 to $39.50.

The firm cited a lower EV/EBITDA multiple of 10x versus 11.5x. The lower multiple is due to an increase in execution risk caused by pending management changes.

For an analyst ratings summary and ratings history on Hyatt Hotels click here. For more ratings news on Hyatt Hotels click here.

Shares of Hyatt Hotels closed at $35.88 yesterday.

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