Information Provided By:
Fly News Breaks for February 20, 2018
Feb 20, 2018 | 09:35 EDT
SunTrust analyst C. Patrick Scholes raised his price target on Hyatt to $80 and kept his Hold rating based on his updated model to include FY19 targets. Scholes says the company's earnings call has added some visibility on future asset dispositions, the timing of sales, and the multiples that Hyatt expects to achieve for the sales. The analyst also notes "a robust pipeline that still has considerable white space in all regions", as Hyatt takes the "right steps" to become more of a franchised / management fee-led business.