US Top Rating Updates on 12/1: PANW, CRWD, HLT, H and More
Morgan Stanley Upgrades Navient on Lower Odds of Student Loan Forgiveness
Morgan Stanley analyst Jeffrey Adelson upgraded
$Navient (NAVI.US)$ to Equal Weight from Underweight with a price target of $16, up from $14. Lower odds of student loan forgiveness means lower EPS risk, improved sentiment from slower FFELP loan run-off and easing headline risk, Adelson contends.
Otis Worldwide Downgraded to Equal Weight From Overweight at Barclays
Barclays analyst Julian Mitchell downgraded
$Otis Worldwide (OTIS.US)$ to Equal Weight from Overweight with an unchanged price target of $80. The analyst continues to have a neutral view on U.S. multi-industry stocks into 2023, although he says he's more optimistic than many investors.
Redburn Initiates U.S. Hotels With Cautious View, Starts Hyatt at Buy
Redburn analyst Alexander Brignall initiated coverage of five U.S. hotel stocks with a cautious, but "glass-half-full" view on potential upside from travel demand.
$Hyatt Hotels (H.US)$ is his top pick, with his only Buy rating among the group.
Source: Seeking Alpha, The Fly
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