FMP
Hilton Worldwide Holdings Will Benefit From Faster Covid-19 Recovery in the U.S.
Jan 18, 2022 11:33 PM - Davit Kirakosyan
Image credit: FMP
Berenberg Bank raised its price target on Hilton Worldwide Holdings Inc. (NYSE:HLT) to $140 from $110 due to a faster-than-expected recovery in the US.
The company, with its heavy US exposure, is expected to benefit from the more rapid recovery from COVID-19. While the analysts mentioned their surveys suggest there will be some limited structural decline in domestic business travel, it will broadly hold up strongly with pricing set to be better-than-expected.
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