Citadel Securities Upgrades Hyatt Hotels (H) to Add; Attractive Buying Opportunity After Recent Sell-Off
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Price: $180.98 +0.63%
Rating Summary:
18 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
18 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Citadel Securities upgraded Hyatt Hotels (NYSE: H) from Neutral to Add. PT increased by $1 to $48.
Citadel analyst says, "Since the end of January, Hyatt shares have been under some pressure as investors remained concerned about the lackluster economic recovery and consumers' willingness - or lack thereof - to spend on discretionary purchases (including travel). However, during 1H11, lodging fundamentals have held up reasonably well - particularly business transient, which is a meaningful component of Hyatt's business mix. As such, we believe that Hyatt shares have become increasingly attractive at current levels and suggest investors become more engaged in the Hyatt story."
"...We are reducing our 2Q and 3Q EPS estimates slightly to $0.18 (from $0.20) and $0.09 (from $0.10), respectively. There is no change to our 4Q11 outlook. For the full year 2011, our new estimate is $0.50 (from $0.53). We are also modeling for 2011 EBITDA of $519MM (from $527MM)."
For more ratings news on Hyatt Hotels click here and for the rating history of Hyatt Hotels click here.
Shares of Hyatt Hotels closed at $40.00 yesterday.
Citadel analyst says, "Since the end of January, Hyatt shares have been under some pressure as investors remained concerned about the lackluster economic recovery and consumers' willingness - or lack thereof - to spend on discretionary purchases (including travel). However, during 1H11, lodging fundamentals have held up reasonably well - particularly business transient, which is a meaningful component of Hyatt's business mix. As such, we believe that Hyatt shares have become increasingly attractive at current levels and suggest investors become more engaged in the Hyatt story."
"...We are reducing our 2Q and 3Q EPS estimates slightly to $0.18 (from $0.20) and $0.09 (from $0.10), respectively. There is no change to our 4Q11 outlook. For the full year 2011, our new estimate is $0.50 (from $0.53). We are also modeling for 2011 EBITDA of $519MM (from $527MM)."
For more ratings news on Hyatt Hotels click here and for the rating history of Hyatt Hotels click here.
Shares of Hyatt Hotels closed at $40.00 yesterday.
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