Hyatt Hotels (H): Notes From Analyst Day - FBR
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FBR Capital analyst, Bryan Maher, reiterated his Outperform rating on shares of Hyatt Hotels (NYSE: H) after the company hosted its first investor day since 2014 and only its second since going public in 2009.
The presentation was thematic in nature, rather than number crunching and guidance but management said that it would begin doing so in 1Q17—likely a positive for investors.
Key takeaways included:
1) H's view that "scale" does not drive competitive advantages
2) H is pursuing "irrational loyalty" from its core client base
3) H introduced (to investors) its intention to pursue "adjacent businesses"
4) the company still has significant growth opportunities well beyond what it has delivered so far.
No change to the price target of $61.
Shares of Hyatt Hotels closed at $53.67 yesterday.
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