Hilton Grand Vacations (HGV) PT Lowered to $68 at Jefferies

Jefferies analyst David Katz lowered the price target on Hilton Grand Vacations (NYSE: HGV) to $68.00 (from $69.00) while maintaining a Buy rating.

The analyst commented, "The bull case for HGV is highlighted by the quarter, which presented better-than-expected fundamental metrics which demonstrate the opportunities for success with the core and acquired Diamond businesses. We expect HGV to be positioned well in the face of economic slowdown, given the control demonstrated in managing and driving demand. We believe our bull case could play out in a wide range of economic circumstances. Reiterate Buy."

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