H - Hyatt's Transformation Into Asset-Lite Model: Analyst On Growth Potential Amidst Optimistic Group Bookings | Benzinga
Stifel analyst Simon Yarmak reiterated a Hold rating on Hyatt Hotels Corporation (NYSE: H), lowering the price target to $115 from $119.
H has transformed itself over the last few years into an asset-lite company and hopes to reduce owned and leased real estate to 20.0% by late 2024, notes the analyst.
The company has multiple levers of growth with a quality portfolio of brands and the largest relative pipeline, which should result in some of the highest unit growth in the sector, according to the ...