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Fly News Breaks for October 16, 2019
HLT
Oct 16, 2019 | 16:33 EDT
BMO Capital analyst Ari Klein initiated coverage of Hilton Worldwide Holdings with an Outperform rating and $104 price target. The analyst views Hilton as one of the best positioned lodging companies, citing its "rapidly" growing loyalty program, and "durable" fee-based business model that he believes can sustain 10%-15% earnings growth. While weakening economic conditions can weigh on its RevPAR, Hilton's fee growth is supported by a strong development pipeline, says the analyst.
News For HLT From the Last 2 Days
