Evercore upgrades Hyatt after on attractive entry point post earnings sell off
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Evercore ISI upgraded Hyatt Hotels (NYSE:H) to "outperform" from "in-line" after the stock's post-earnings selloff. Hyatt shares have underperformed larger hotel brands, lagging by 15 percentage points year-to-date. Despite challenges from asset sales impacting 2025 EBITDA growth, Evercore believes Hyatt will benefit from a higher mix of fee-based revenue. The firm is optimistic about potential buyers for Playa Hotels & Resorts’ assets, which could transition to a fee-based model soon. Hyatt shares are trading at 13 times estimated 2026 enterprise value-to-EBITDA, below the 17 times average for large-cap peers, with a price target of $175.
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