Melius Maintains Hyatt Hotels (H) at Buy

Melius analyst Conor Cunningham maintains Hyatt Hotels (NYSE: H) with a Buy rating and a price target of $195.00.

The analyst comments "Bottom line – shares of Hyatt are up 7% in a positive travel tape. The company continues to make strides toward durable, compounding returns as its asset-light transformation takes hold. From here, Hyatt will host an investor day in Chicago on May 28th, likely highlighting the significance of the transformation and laying out multi-year targets. Post investor day, the catalyst path is a straightforward one: headwinds in Mexico and the Middle East become tailwinds, and net unit growth accelerates, underscoring the company's long-term growth potential. Over time, as Hyatt consistently executes and proves out its transformation, we would expect a higher multiple to follow, given its growth prospects and portfolio weighting toward luxury."

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 $158.91 yesterday.

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