Hyatt Hotels (H) PT Raised to $80 at B.Riley/FBR Following 4Q Beat
B.Riley/FBR raised its price target on Hyatt Hotels (NYSE: H) to $80.00 (from $70.00) while maintaining a Neutral rating following the company's 4Q earnings report. Adjusted EPS came in at $0.23 above consensus of $0.21. Adjusted EBITDA came in at $179M, versus the consensus estimate of $178M.
Hyatt initiated a $0.15/share quarterly cash dividend ($0.60 annualized), as part of its shareholder capital return program. This is in addition to ongoing share repurchases, which total 12.2M of its common shares for $723M in 2017.