UPDATE: Loop Capital Assumes Hilton Worldwide (HLT) at Hold

Loop Capital analyst Daniel Adam assumes coverage on Hilton Worldwide (NYSE: HLT) with a Hold rating and a price target of $142.00.

The analyst comments "Our $142 price target for Hilton (HLT) reflects a 19.5x multiple on our 2022 EBITDA estimate. We believe this multiple, which implies a ~5x turn premium to the stock’s average historical preCOVID forward EBITDA multiple, is appropriate given, 1) HLT’s high ROIC fee-based model, and 2) our expectation for accelerating RevPAR growth upon recovery. Implied upside is less than 10%, so we are assuming coverage on HLT with a Hold."

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

Shares of Hilton Worldwide closed at $129.96 yesterday.

You May Also Be Interested In

• UPDATE: SMBC Nikko Securities Starts DLocal Limited (DLO) at Neutral
• UPDATE: Mizuho Securities Starts Beyond Meat Inc. (BYND) at Neutral
• UPDATE: SMBC Nikko Securities Starts Shift4 Payments (FOUR) at Neutral