Market Overview

UPDATE: Nomura Raises PT to $44 on Hyatt Hotels Corporation on Strong Domestic Trends

Related H
The Marriott/Starwood Merger Could Be A Sign Of More Hotel Deals To Come
Benzinga's Volume Movers

Nomura maintained Hyatt Hotels Corporation (NYSE: H) with a Neutral rating and raised the price target from $40.00 to $44.00.

Nomura commented, "We are boosting our global RevPAR outlook to +5.5%, reflecting strong domestic trends (+6.5%) and weaker trends in Asia (+4%-5%), and Europe (+2-3%). In addition, we are lowering our SG&A outlook to reflect cost savings implemented at the company late last year ($16m). As a result, our EBITDA margin improves to 26.5%, up ~90bp from last year. Our 2013 EBITDA estimate increases by $30m to $695m. Our 2014 EBITDA estimate also increases to $771m, from $760m."

Hyatt Hotels Corporation closed at $41.82 on Wednesday.

Latest Ratings for H

Nov 2015Deutsche BankMaintainsHold
Sep 2015Deutsche Bank
Sep 2015Evercore ISI GroupMaintainsBuy

View More Analyst Ratings for H
View the Latest Analyst Ratings

Posted-In: NomuraAnalyst Color Price Target Analyst Ratings


Related Articles (H)

Get Benzinga's Newsletters