CLSA AmericasLLC analyst JonOh initiated coverage of HiltonWorldwide Holdings Inc. with a rating of "buy," and a pricetarget of $27.

The analystwrote in a research report: "Hilton controls c.750k rooms worldwide and boastsa pipeline of c.260k rooms, good for number two in a two-horse race for largestglobal hotel company. We are generally cautious on lodging given our concerns thatthe cycle is peaking, but in our view near-term catalysts for Hilton such as continuedunit growth with RevPAR premiums, business restructuring and the beginning of acapital-return story underpinned by promising long-term international trends generatefavorable risk/reward."