CLSAAmericas LLC analyst Jon Oh cut his investment opinion of to"outperform" from "buy," and increased his price target to$29 from $27.

Theanalyst wrote in a research report: "Judging based on the market'sresponse to Hilton's Investor Day suggests to us that perhaps what investorslearned was more of the same. But we walked away more convinced that theresilience of OpCo's FCF deserves a higher multiple while the REIT is enjoyingthe good fortune of recent sector rerating of roughly two turns."