Android app on Google Play

Nomura Cuts Numbers on Hyatt (H)

November 14, 2012 8:54 AM EST Send to a Friend
Get Alerts H Hot Sheet
Price: $58.83 -3.84%

Rating Summary:
    9 Buy, 13 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 26 | Down: 32 | New: 6
Trade H Now!
Join SI Premium – FREE
Nomura Securities maintained a Neutral rating on Hyatt Hotels (NYSE: H) and cut its price target to $40.00 (from $46.00).

"Given the headwinds of renovations and lower-than-expected margin growth, we expect the forward multiple to remain steady. Due to our estimate reduction, our target price declines to $40, which is an upside of 18%," said analyst Harry C. Curtis.

He lowered earnings outlook on Hyatt for 4Q12E and 2013E due to lower RevPAR and margins.

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 $34.00 yesterday.




You May Also Be Interested In


Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Nomura, Earnings

Add Your Comment