RBC Capital analyst Wes Golladay raised his price target on Hilton to $93 and kept his Outperform rating, saying the company's "elevated" Net Unit Growth and market share gains should offset the slowing growth in its Rev PAR. The analyst believes that Hilton is "very well positioned to produce good earnings growth in a low-growth environment" thanks to its license fees, as it targets "another year of record signings" that counter his expected moderation. Golladay estimates the 2018 pipeline increase of 6% to 364K rooms equates to "nearly 40% potential systemwide growth" and attributes the elevated growth to "new brands, conversions, and international expansion".