Goldman Sachs Starts Hilton Grand Vacations (HGV) at Neutral

January 5, 2017 5:43 AM EST
Get Alerts HGV Hot Sheet
Price: $35.08 -1.46%

Rating Summary:
    7 Buy, 10 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 13 | New: 70
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Goldman Sachs initiates coverage on Hilton Grand Vacations (NYSE: HGV) with a Neutral rating and a price target of $29.00.

Analyst Stephen Grambling said " HGV is a uniquely positioned timeshare company given a high mix of asset-light fee-for-service vacation ownership interest sales, a more balanced mix of sales to new and existing members versus peers, and highly productive sales centers. Despite these positives, we initiate at Neutral with valuation already in line with peers and EBITDA growth likely to be muted near term.|

For an analyst ratings summary and ratings history on Hilton Grand Vacations click here. For more ratings news on Hilton Grand Vacations click here.

Shares of Hilton Grand Vacations closed at $25.85 yesterday.



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