Janney Montgomery Scott Starts Hilton Grand Vacations (HGV) at Buy
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(Updated – April 20, 2017 4:10 PM EDT)
(updated to add analyst comment) Janney Montgomery Scott initiates coverage on Hilton Grand Vacations (NYSE: HGV) with a Buy rating and a price target of £38.00. Analyst Tyler Batory says the company has a unique strategy and believes the timeshare is misunderstood by Wall Street.
Regarding the uniqueness he cites capital efficiency model, material new owner growth which he calls “substantial” and the potential for expansion into new markets. For an analyst ratings summary and ratings history on Hilton Grand Vacations click here. For more ratings news on Hilton Grand Vacations click here.
Shares of Hilton Grand Vacations closed at £31.34 yesterday.