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Fly News Breaks for April 9, 2017
HLT
Apr 9, 2017 | 22:46 EDT
Goldman analyst Stephen Grambling added Hilton to the Conviction Buy List telling investors he expects double-digit earnings growth through 2019 and upside to consensus earnings to re-rate shares more in line with asset-light peers. Grambling is positive on Hilton's fundamentals given its capacity to take on additional leverage to buyback shares, accelerating new unit growth, and potential M&A from under-appreciated free cash flow generation and stability. The analyst has a $77 price target on Hilton shares.
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HLT
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