BUZZ-Morgan Stanley cuts PTs on US hotels amid cautious outlook

Reuters03-11 21:49
BUZZ-<a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a> cuts PTs on US hotels amid cautious outlook

** Morgan Stanley cuts price targets on stocks of hotel chains Hyatt Hotels H.N, Hilton Worldwide HLT.N, Wyndham Hotels & Resorts WH.N and Choice Hotels International CHH.N

** Brokerage says hotel companies struck a more cautious 2026 demand outlook at the American Lodging Investment Summit, though their guidance largely aligned with already-lowered expectations

** Adds revenue per available room (RevPAR) is projected to grow at low single digits, with stronger trends in APAC, group and business travel

** Says China and leisure demand remain softer; expects hotels companies to benefit from the World Cup in the summer

** Dow Jones U.S. Hotels Index .DJUSLG marginally down in morning trading

Companies

New PT

Old PT

Hyatt

$185

$194

Hilton

$303

$306

Wyndham

$85

$89

Choice

$83

$91

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment