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Morgan Stanley Upgrades Hilton, Downgrades Marriott

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In notes published Wednesday morning, Morgan Stanley made a bit of a pair call, upgrading Hilton Worldwide (NYSE: HLT) to Overweight while at the same time downgrading Marriott International (NASDAQ: MAR) shares. The firm's Thomas Allen boosted his price target on Hilton to $27 and set a price target of $64 on Marriott.

In the report, Allen stated the industry as a whole is attractive, and Marriott "has outperformed other US Lodging stocks by 14% YTD. While we still see it as one of the cleanest long-term growth stories in Lodging, we move to Equal-weight as we see a more balanced risk-reward in the near-term at these levels.”

Additionally, Allen believes, “A combination of strong fundamentals and a deep dive into the strategic value of the Waldorf Astoria lead us to upgrade HLT to Overweight and increase our price target to $27 (22% upside).”

Shares of Hilton closed up $0.50, or 2.26 percent, to $22.66 per share. Shares of Marriott closed up $0.11, or 0.19 percent, to $58.11 per share.

Latest Ratings for HLT

DateFirmActionFromTo
Jan 2015Wells FargoUpgradesMarket PerformOutperform
Dec 2014Evercore ISIInitiates Coverage onBuy
Nov 2014Credit SuisseMaintainsOutperform

View More Analyst Ratings for HLT
View the Latest Analyst Ratings

Posted-In: Analyst Color News Upgrades Downgrades Price Target Analyst Ratings

 

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