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ILG

ILG

$28.15

1.71 (6.47%)

, HGV

Hilton Grand Vacations

$36.00

0.6 (1.69%)

08:19
06/16/17
06/16
08:19
06/16/17
08:19

ILG 'deal could make sense but timing uncertain,' says SunTrust

After Reuters reported that ILG (ILG) has hired bankers to pursue a merger and held talks with Marriott Vacations (VAC) and Hilton Grand Vacations (HGV) about a deal, SunTrust analyst C. Patrick Scholes says that Marriott Vacations would have the most cost synergies with ILG, while Hilton Grand Vacations "would be an odd fit," partly because its cost synergies would be much lower than those of Marriott, while it licenses its brand from a different company than ILG. Scholes notes that time share multiples are high from a historical perspective, and he says that ILG's acquisition of Vistana 13 months ago may have included a provision which would prevent ILG from selling itself until May 2018. The analyst says that an acquisition of ILG "could make sense," but he thinks that the timing of any deal is "uncertain." Scholes keeps a $26 price target and a Buy rating on the stock.

ILG

ILG

$28.15

1.71 (6.47%)

HGV

Hilton Grand Vacations

$36.00

0.6 (1.69%)

VAC

Marriott Vacations

$123.75

1.94 (1.59%)

  • 15

    Jun

ILG ILG
$28.15

1.71 (6.47%)

01/30/17
JANY
01/30/17
INITIATION
Target $24
JANY
Buy
ILG initiated with a Buy at Janney Capital
01/31/17
01/31/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. T-Mobile (TMUS) was initiated with a Buy at Evercore ISI, while Sprint (S), Verizon (VZ), and AT&T (T) were initiated with a Hold. 2. ViaSat (VSAT) initiated with an Outperform at William Blair. 3. Wyndham (WYN) initiated with a Neutral at Janney Capital. 4. ILG (ILG) initiated with a Buy at Janney Capital. 5. United Natural Foods (UNFI) initiated with a Neutral at Goldman. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
HGV Hilton Grand Vacations
$36.00

0.6 (1.69%)

01/19/17
GSCO
01/19/17
UPGRADE
GSCO
Buy
Hilton Grand Vacations upgraded to Buy from Neutral at Goldman
01/19/17
01/19/17
UPGRADE

Buy
Hilton Grand Vacations upgraded to Buy at Goldman
As previously reported, Goldman upgraded Hilton Grand Hotel to Buy from Neutral and raised its price target to $35 from $29. Analyst Stephen Grambling raised Hilton estimates to reflect a stronger lodging backdrop and said it is a uniquely positioned timeshare company with a high mix of asset-light fee-for-service vacation ownership interest sales, a more balanced mix of sales to new and existing members versus peers, and highly productive sales centers. Additionally, Grambling sees potential upside from tax reform.
04/12/17
JPMS
04/12/17
INITIATION
Target $37
JPMS
Overweight
Hilton Grand Vacations initiated with an Overweight at JPMorgan
JPMorgan analyst Brandt Montour started Hilton Grand Vacations with an Overweight rating and $37 price target. The analyst views the company's majority asset light business model as "highly attractive."
04/20/17
JANY
04/20/17
INITIATION
JANY
Buy
Hilton Grand Vacations initiated with a Buy at Janney Capital
Janney analyst Tyler Batory initiated Hilton Grand Vacations with a Buy rating and $38 price target, saying the timeshare industry is misunderstood and has catalysts.
VAC Marriott Vacations
$123.75

1.94 (1.59%)

04/20/17
JANY
04/20/17
INITIATION
JANY
Buy
Marriott Vacations initiated with a Buy at Janney Capital
Janney analyst Tyler Batory initiated Marriott Vacations with a Buy rating and $119 price target, saying the timeshare industry is misunderstood and has catalysts.
04/24/17
STFL
04/24/17
NO CHANGE
STFL
A few hotel chanins likely to beat Q1 expectations, says Stifel
Stifel analyst Simon Yarmak predicts that the Q1 results of Marriott Vacations (VAC), Wyndham (WYN), and Extended Stay America (STAY) will beat expectations. The analyst adds that Extended Stay should benefit from its renovation initiative, while Marriott Vacations has an easy comparison and should deliver strong top-line results. He keeps Buy ratings on all three stocks.

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