Hilton Grand Vacations Reports Second Quarter 2024 Results
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August 9, 2024 1:00 PM EDT
JPMorgan analyst Ryan Lambert downgraded Hilton Grand Vacations (NYSE: HGV) from Overweight to Neutral with a price target of $36.00 (from $55.00).
The analyst comments "Following a challenging set of 2Q24 results, we update our forecasts to reflect the midpoint of HGVs lowered full-year 2024 EBITDA guidance range of $1.075b to $1.135b (midpoint down 10% versus its prior $1.20b to $1.26b range). Overall, these results are similar to what we saw from timeshare peer VAC, which reported last week (see our note here) as management noted dismal performance during... More
August 9, 2024 5:14 AM EDT
Jefferies analyst David Katz downgraded Hilton Grand Vacations (NYSE: HGV) from Buy to Hold with a price target of $35.00 (from $55.00).
The analyst comments "The rating change following the miss and guidance responds to the deceleration in timeshare demand in June, as... More
