Market Overview

Nomura Initiates Coverage on Hilton Worldwide

In a report Tuesday morning by Nomura, analyst Harry Curtis has initiated coverage on Hilton Worldwide (NYSE: HLT), starting with a Buy rating with price target at $26.

The report notes, "The key drivers if our targets are: 1) ~6% RevPAR growth across HLT's global portfolio, which could be conservative 2) 6% system growth over the next two years, the industry's highest, and 3) 350bps of margin expansion over the next two years"

HLT closed Friday at $22.25 and is currently trading down at $22.

Posted-In: News Price Target Initiation Markets Analyst Ratings

 

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