Oyo Says It Will Add 100 U.S. Hotels This Year
Skift Take
- B of A Securities initiated coverage on Hilton Grand Vacations with a Neutral rating and $50 price target.
- OYO plans to expand its market presence in the U.S. with an addition of over 100 hotels in CY2023.
- Morgan Stanley cut their price target on Park Hotels to $13 a share from $14 while maintaining their Equal Weight rating.
The DJIA fell 11 points, Nasdaq was down 4, the S&P 500 was up 4 points and the 10-year treasury yield was down .02 to 3.57% It was a truly mixed market but lodging stocks were more on the plus than minus side today. The biggest mover was SHCO, up 11% but AINC was down -7% to a new low. VCSA traded down to a new all-time low. SOND was down -5%.
B of A Securities initiated coverage on Hilton Grand Vacations with a Neutral rating and $50 price target. BofA also initiated on Travel + Leisure with an Underperform rating and $42 price target.
Morgan Stanley cut their price target on Park Hotels to $13 a share from $14 while maintaining their Equal Weight rating. Choice Hotels was also maintained at Equal Weight while MS cut their price target to $130 from $134. MS raised their target price on Marriott International to $197 from $195 and maintained their Overw
