In a report published Thursday, Credit Suisse analyst Joel Simkins reiterated an Outperform rating on Hilton Worldwide Holdings HLT, and raised the price target from $30.00 to $32.00.
In the report, Credit Suisse noted, "With estimated timeshare revenue of $1.2bn for 2014, HLT likely has the third largest timeshare business in the world trailing WYN (Not Rated) and VAC (Not Rated). We believe Hilton Grand Vacations (HGV) benefits from distribution in leading locations, cross-marketing through Honors, redemption options at participating hotels, and broad ownership (>225k members)."
Hilton Worldwide Holdings closed on Wednesday at $28.16.
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