TNL - Travel+Leisure Faces Headwinds In Two Of Its Main Business Units Says Analyst | Benzinga
Mizuho analyst Ben Chaiken initiated coverage on the shares of Travel+Leisure Co (NYSE:TNL) with a Neutral rating and a price target of $55.
There are two headwinds for Vacation Ownership Interests (VOI) segment that is making the analyst more cautious, one being accelerating new owner sales and the other being rising interest rates in the financing business, compressing the net interest margin, leading to a $30 million EBITDA headwind in FY24.
The analyst’s VOI segment EBITDA is marginally lower for FY24: $734 million versus ...