Stifel Remains Sidelined on Hyatt Hotels (H) Following Investor Day
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Stifel reiterated a Hold rating on Hyatt Hotels (NYSE: H), and raised the price target to $50.00 (from $48.00), following investor day.
Analyst Simon Yarmak commented, "Hyatt-branded hotels are in almost all of the major markets in the U.S. The system is under-represented in the smaller markets, airports, and resort locations. There are still a number of STR tracts, Hyatt can expand into. Over the last four years, four new brands have been launched and seven new brands since 2009. Portfolio recycling has enabled the company to fund development of new hotels."
Shares of Hyatt Hotels closed at $53.67 yesterday.
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