UPDATE: Cantor Fitzgerald Initiates Hold, $44 PT on Hyatt Hotels Corporation

Cantor Fitzgerald initiates its coverage on Hyatt Hotels Corporation

with a Hold rating and a price target of $44 as the company is a cash and acquisition player in the grobal growth. Cantor Fitzgerald notes, "Hyatt's portfolio is diversified across product types and geographies. Its owned full-service hotels are typically luxury and upper-upscale properties in gateway cities and destination resort markets. Hyatt also has a robust international pipeline of high-value fullservice luxury and upper-upscale management opportunities." H closed at $41.41