Travel + Leisure price target raised to $66 from $59 at Stifel

Stifel analyst Simon Yarmak raised the firm’s price target on Travel + Leisure (TNL) to $66 from $59 and keeps a Buy rating on the shares. Shares have rallied about 15% since the night before the recent election as investors appear to be more bullish on the economy and by extension lodging stocks, notes the analyst, who is maintaining the firm’s 2024 EPS estimate of $5.74 and adjusting its 2025 and 2026 EPS estimates lower due to higher share price resulting in a higher share post share repurchaRead More