Mizuho Securities analyst Benjamin Chaiken has maintained their bullish stance on TNL stock, giving a Buy rating today.
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Benjamin Chaiken has given his Buy rating due to a combination of factors that highlight Travel + Leisure Co’s (TNL) strong performance and potential for growth. One key factor is the company’s positive shift in credit provision, which is improving independently of the broader economic environment. Additionally, the introduction of new projects like Sports Illustrated and Eddie Bauer is expected to serve as significant catalysts for revenue growth, although these opportunities might not yet be fully appreciated by the market.
Moreover, TNL’s core timeshare business is showing signs of improvement, with a focus on events driving higher value per guest (VPG), which exceeded expectations. This strategy of leveraging curated events is seen as a structural trend rather than a temporary success. Furthermore, the company’s Timeshare and Management (T&M) segment is stabilizing, which could enhance overall earnings per share. These factors, combined with the strategic opening of new sales centers, underpin Chaiken’s optimistic outlook and increased price target for TNL.
In another report released today, Morgan Stanley also maintained a Buy rating on the stock with a $68.00 price target.
