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Analysts’ Recommendations for Hyatt ahead of 3Q17 Results

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Oct. 31 2017, Updated 8:00 a.m. ET

Analyst views

Of the 22 analysts tracking Hyatt (H), two analysts (9.1%) have a “strong buy” rating on the stock, and three analysts (13.6%) have a “buy” rating. These analysts were surveyed by Reuters.

Only one analyst has changed the rating from “strong buy” to “buy” after the company’s 2Q17 earnings. Sixteen analysts (72.7%) maintained a “hold” rating, similar to the ratings at the end of 2Q17. The remaining analyst (4.5%) has a “sell” rating. There are no “strong sell” ratings on the stock.

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Analyst upgrades and downgrades

There were no changes in analyst ratings for Hyatt after its 2Q17 earnings. However, several analysts have raised their target prices for the stock.

Instinet raised its target price from $63.00 to $64.00. J.P. Morgan raised its target price from $60‍.00 to $66.00, and Susquehanna raised the target price from $65.00 to $67.00. Suntrust Robinson raised its target price from $56.00 to $61.00.

Target price

Hyatt’s consensus 12-month target price is $66.40, which indicates a 1.8% return potential on its October 23, 2017, closing price of $59.10. The stock’s highest target price is $69.00 and its lowest target price is $50.00.

The consensus target price has changed little since its 2Q17 results, indicating that analysts have updated their target prices for the stock since then. At the end of 2Q17, Hyatt’s consensus target price was $60.20.

Investors can gain exposure to the hotel sector by investing in the First Trust Consumer Discretionary AlphaDEX ETF (FXD). FXD invests approximately 15% of its portfolio in the hotel, restaurant, and leisure sector. The ETF holds 0.6% each in Hyatt (H) and Hilton Worldwide (HLT), 0.88% in Wyndham Worldwide (WYN), and 1.6% in Marriott International (MAR).

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