Morgan Stanley has adjusted its price target for Hyatt (H, Financial), bringing it down from $127 to $112. Despite this reduction, the investment firm maintains an Equal Weight rating for the stock. This decision is part of a broader adjustment by Morgan Stanley, which has revised its expectations for both lodging and timeshare companies under its coverage.
The impetus behind these changes stems from weaker demand indicators observed in the market. Additionally, Morgan Stanley has made slight adjustments to the valuation multiples to align them with market realities. This reassessment reflects the company's cautious approach in light of current industry trends.
