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Hilton Spinoffs To Start Trading

L‍auren George

Susquehanna advises investors to keep an eye on Hilton Worldwide Holdings (NYSE:HLT) with regular trading on spinoffs Park Hotels & Resorts (NYSE:PK) and Hilton Grand Vacations (NYSE:HGV) expected to begin today.

 

The investment firm is one of the first to take a crack at the Hilton castoffs, rating timeshare stock Hilton Grand Vacations at Buy with a $32 price target and Park Hotels & Resorts at Hold with a $29 PT. Park Hotels & Resorts could be included in some REIT indices in the near future.

 

Source: Seeking Alpha

 

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L‍auren George

Director, Corporate Communications
Hilton Grand Vacations
P: 1-407-613-8431 
E: lauren.george@hgv.com