Hilton upgraded to Buy from Neutral at MKM Partners MKM Partners upgraded Hilton citing relative valuation, improving U.S. fundamentals and near-term catalysts. Price target is $27. Note that Morgan Stanley also upgraded shares this morning.
Hilton upgraded to Outperform from Market Perform at Wells Fargo Wells Fargo upgraded Hilton to Outperform citing share underperformance relative to peers, potential upside to consensus earnings from the recycling of Waldorf proceeds, and the possibility of the company exploring a real estate spinoff in 2015. Wells raised its price target range for shares to $28-$29 from $26-$27.