Goldman Sachs Thinks Travel & Leisure (TNL) Is A Top Travel Stocks To Buy Amid Iran Peace Deal, Here’s Why Travel & Leisure Co. (NYSE:TNL) is one of the Iran Peace Deal Sends Oil Lower: Top 8 Travel Stocks to Buy Now.
Simon Yarmak, an analyst at Stifel Nicolaus, reaffirmed a Buy rating on Travel & Leisure Co. (NYSE:TNL) along with the price target of $88 on June 26
The firm’s price target suggests a further 12% upside from current levels. On a more bullish note, Goldman Sachs upgraded Travel & Leisure Co. (NYSE: TNL) to Buy from its previous Neutral rating on June 1. The firm also raised its price target on the stock from $73 to $85.
It views TNL as one of the strongest companies in the travel sector. The company generates steady, recurring fee income without requiring large capital investments, the analyst told investors in a research note. Moreover, Goldman Sachs has a positive view of the timeshare industry, expecting companies to grow earnings through better execution.