Downgrade Alert for Hyatt Hotels (H)
Hyatt Hotels (NYSE:H) was downgraded from Buy to Neutral at Nomura today. The stock closed yesterday at $49.82 on volume of 500,000 shares, below average daily volume of 521,000.
Over the past year, Hyatt Hotels has traded in a range of $34.06 to $59.99 and closed yesterday at $49.82, 46% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.4%.
Hyatt Hotels Corp. is a global hospitality company. The Company manages, franchises, owns, and develops branded hotels, resorts and residential and vacation ownership properties around the world.
Hyatt Hotels has overhead space with shares priced $49.82, or 16.4% below the average consensus analyst price target of $59.60. Hyatt Hotels shares have support at the 200-day moving average (MA) of $48.09 and additional support at the 50-day MA of $47.68.
SmarTrend is tracking the current trend status for Hyatt Hotels and will alert subscribers who have H in their portfolio or watchlist when shares have changed trend direction.
Keywords: analyst upgrades/downgrades hyatt hotels