Credit Suisse Reiterates Outperform, Raises PT On Hilton Worldwide Following Management Meetings

In a report published Friday, Credit Suisse analyst Joel Simkins reiterated an Outperform rating on

, and raised the price target from $32.00 to $33.00. In the report, Credit Suisse noted, "We recently met with management including CFO, Kevin Jacobs and the IR team at HQ. We left comfortable with management's strategy as HLT continues to hit on all-cylinders as it grows its M&F business, develops new brands, deleverages the balance sheet, and unlocks value (ex: Waldorf)." Hilton Worldwide closed on Thursday at $28.31.