Hilton Worldwide Holdings Inc. (HLT) Q3 earnings surpassed estimates despite concerns over leisure travel slowdown. The stellar return of 148% over the past five years has pleased its investors, even amidst some caution as the hotel stock slid and was tracked with a lowered outlook. Hilton announced a $0.15 quarterly dividend and continues to be Bill Ackman’s top stock. The firm has revised its FY2024 earnings guidance amidst these developments. Ackman, along with Raymond James & Associates, has increased shares while the stock’s rating has been reiterated and the price target cut to $243.00. Wall Street analysts are holding on recommendations, while growth remains strong, making HLT a contender for the best leisure stock to invest in presently. Barclays has upped the price target to $244.00 even after Melius downgraded Hilton to Hold. A partnership has been announced between Taiba Investments and Hilton to introduce Madinah's first Waldorf Astoria. Amidst trimmed earnings outlook and softening travel demand, Hilton shows resilience, spearheading in hedging for the market and upcoming earnings.
Hilton Stocks HLT News Analytics from Mon, 12 May 2014 07:00:00 GMT to Fri, 25 Oct 2024 01:55:37 GMT -
Rating 6
- Innovation 2
- Information 7
- Rumor -4
