Hilton Worldwide Holdings Inc. plans to more than double its Morocco portfolio. The expansion includes the Waldorf Astoria debut in Rabat Salé. The company will also enter the coastal cities of Nador and Tetouan.
Evercore ISI raised its Hilton price target to $350 from $335. The firm maintained an "In Line" rating. TD Cowen and JPMorgan also recently increased price targets. Hilton reports first-quarter earnings on April 28.