UPDATE: Goldman Sachs Starts Hyatt Hotels (H) at Neutral

September 26, 2016 7:00 AM EDT
Get Alerts H Hot Sheet
Price: $50.32 -0.69%

Rating Summary:
    9 Buy, 14 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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(Updated - September 26, 2016 9:35 AM EDT)

Goldman Sachs initiated coverage on Hyatt Hotels (NYSE: H) with a Neutral rating and a price target of $50.

Analyst Stephen Grambling sad, "Given our prior background in retail, we view Hyatt as the “Nordstrom” of hotels with its “shoppers” (i.e., core customer) skewing towards the higher end and its “stores” (i.e., properties) positioned in great locations. Both companies also differentiated themselves with long-term investment horizons due to concentrated family ownership. We remain held back with a Neutral rating, given our view on the macro backdrop, which likely has a greater impact to Hyatt’s profitability given greater exposure to the more volatile high end and greater ownership of assets."

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 $50.35 yesterday.

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