Crdit Suisse Sees Huge Upside In Hilton Grand Vacations

by Shivani Kumaresan, Benzinga Staff Writer

December 2, 2021 1:35 PM | 24 seconds read | Make a Comment

Credit Suisse analyst Benjamin Chaiken reinstated coverage of Hilton Grand Vacations Inc HGV with an Outperform rating and $82 price target, implying a 67% upside.
The analyst is bullish on the company's legacy business, "with a very high-quality pipeline of inventory and a rebound in travel demand."
Chaiken also believes the recently acquired Diamond provides incremental upside not embedded in Street estimates.
Price Action: HGV shares traded higher by 8.18% at $49.06 on the last check Thursday.