1115 ET - Timeshare company Hilton Grand Vacations could power higher, thanks in part to stabilizing interest rates and its $1.5 billion deal to buy Bluegreen Vacations, Jefferies analysts say in a research note. The analysts note that HGV has seen a recent deceleration in business, mostly owing to its exposure to Maui. HGV's takeover of Bluegreen Vacations should drive cost synergies and expand the company into new locations. They upgrade the stock to buy with a $50 price target. Shares rise 4.2% to $41.88. (will.feuer@wsj.com; @WillFOIA)
(END) Dow Jones Newswires
January 02, 2024 11:15 ET (16:15 GMT)
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