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 90M share Spot Secondary, price range $29.85-$29.95 Hilton is offering 90M shares of common stock with a range of $29.85-$29.95 for affiliates of The Blackstone Group in a deal that is expected to price before the open. Deutsche Bank, BofA/Merrill and Citigroup are acting as joint book running managers for the offering.