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Fly News Breaks for October 8, 2018
HLT
Oct 8, 2018 | 08:38 EDT
Longbow analyst Alton Stump said his checks with U.S. Hampton, Hilton Hotel & Resorts and DoubleTree franchisees lead him to estimate domestic RevPAR for the three chains rose 3.5%-4% in Q3, with would imply that Hilton will beat the Q3 RevPAR growth consensus forecast of up 2.5%. The analyst, who expects a Q3 RevPAR beat to drive the multiple for Hilton shares higher, keeps a Buy rating on the stock with a price target of $96.
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