Hilton Upgraded by Deutsche Bank as Hotel Demand Seen Resilient
+2.50% to $322.53 from $314.66
What moved HLT
- Deutsche Bank upgraded Hilton Worldwide to Buy from Hold, saying investor expectations for the hotel operator have largely reset after shares underperformed over the past month.
- The firm noted Hilton’s forward adjusted EBITDA estimates have stayed stable to modestly higher even as the stock lagged, which it said created a more attractive entry point.
- Deutsche Bank pointed to resilient industry RevPAR trends as evidence that hotel operators continue to benefit from healthy underlying demand despite broader economic uncertainty.
Sources: Yahoo Finance