UPDATE: Loop Capital Assumes Hyatt Hotels (H), Upgrades to Buy

December 2, 2021 7:35 AM EST
Get Alerts H Hot Sheet
Price: $89.65 +3.35%

Rating Summary:
    11 Buy, 19 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 16 | New: 32
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(Updated - December 2, 2021 7:36 AM EST)

Loop Capital analyst Daniel Adam assumes coverage on Hyatt Hotels (NYSE: H) with a Buy rating (from Hold) and a price target of $94.00.

The analyst comments "Our $94 price target for Hyatt (H) reflects a 17x 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) the company’s high ROIC fee-based model, and 2) our expectation for accelerating RevPAR growth upon recovery. With over 10% upside to our target, we are assuming coverage on H with a Buy."

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 $77.83 yesterday.

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