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Hilton Worldwide (NYSE:HLT) Given New $357.00 Price Target at The Goldman Sachs Group
The Goldman Sachs Group has raised its price target for Hilton Worldwide (NYSE:HLT) to $357.00, maintaining a “buy” rating and implying a 17.18% upside. This follows Hilton beating quarterly EPS estimates ($2.08 vs. $2.02) with a 10.9% revenue increase year-over-year. Despite the positive analyst outlook, a significant insider sale of 114,289 shares by Christopher J. Nassetta for $36.3 million, reducing his position by over 75%, has also been reported.