Downgrade Alert for Hyatt Hotels (H)
Hyatt Hotels (NYSE:H) was downgraded from Buy to Neutral at BofA/Merrill today. The stock closed yesterday at $45.51 on volume of 1.3 million shares, above average daily volume of 521,000.
In the past 52 weeks, shares of Hyatt Hotels have traded between a low of $34.06 and a high of $59.99 and closed yesterday at $45.51, which is 34% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.5%.
Hyatt Hotels (NYSE:H) has potential upside of 31.0% based on a current price of $45.51 and analysts' consensus price target of $59.60. The stock should find initial resistance at its 50-day moving average (MA) of $47.68 and further resistance at its 200-day MA of $48.09.
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.
SmarTrend recommended that subscribers consider buying shares of Hyatt Hotels on February 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.85. Since that recommendation, shares of Hyatt Hotels have risen 17.7%. We continue to monitor H for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades hyatt hotels