Morgan Stanley has revised its price target for Travel + Leisure (TNL, Financial), reducing it from $61 to $52. Despite the adjustment, the firm maintains its Overweight rating on the company's shares.
The decision to revise the price target follows a broader reassessment by the firm of the lodging and timeshare sectors, driven by signs of declining demand. Morgan Stanley's analysis led to a recalibration of valuation multiples, aligning them with current market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Travel+Leisure Co (TNL, Financial) is $62.33 with a high estimate of $73.00 and a low estimate of $44.00. The average target implies an upside of 52.70% from the current price of $40.82. More detailed estimate data can be found on the Travel Leisure Co (TNL) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Travel+Leisure Co's (TNL, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Travel+Leisure Co (TNL, Financial) in one year is $53.38, suggesting a upside of 30.77% from the current price of $40.82. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Travel Leisure Co (TNL) Summary page.
