Hilton Worldwide (HLT) PT Raised to $145 at Jefferies on LT FCF Generation Ability
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Jefferies analyst David Katz raised the price target on Hilton Worldwide (NYSE: HLT) to $145.00 (from $140.00) highlighting the company as a a top pick within the lodging segment due to its ability to drive mid-single-digit net unit growth and sustainable FCF (~5% yield) and capital returns longer-term.
The analyst reiterated a Buy rating, stating "We remain confident in the coming resurgence of leisure demand in 2H21 and through 2022. However, in keeping with limited near term visibility, we are lowering near-term estimates on weaker trends in Europe and Asia which were only partially offset by stronger U.S. demand in March."
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