Hilton Worldwide (HLT) PT Raised to $133 at Jefferies

Jefferies analyst David Katz raised the price target on Hilton Worldwide (NYSE: HLT) to $133.00 (from $120.00) while maintaining a Buy rating.

The analyst commented, "HLT set a positive tone for earnings season, in our view, with anecdotal support for a demand recovery through the remainder of 2021. Similar to past cycles, leisure bookings should lead, followed by business transient, and large group bookings, with the latter two categories still taking shape. Although shares have perhaps met valuation resistance thus far YTD, we expect quality model, execution continue to result in estimates pushing higher. Reiterate Buy."

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