Why Hilton Worldwide Holdings (HLT) Stock Is Higher In Pre-Market Trading Wednesday

NEW YORK (TheStreet) -- Shares of Hilton Worldwide Holdings Inc. (HLT) are higher 2.21% to $22.65 in pre-market trading on Wednesday after receiving ratings upgrades at Morgan Stanley (MS) and MKM Partners.

Morgan Stanley said it upgraded the hospitality company to "overweight" from "equal weight" due to "a combination of strong fundamentals and a deep dive into the strategic value of the Waldorf Astoria."

The firm raised its price target on Hilton Worldwide to $27 from $25.

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MKM Partners upgraded the company to "buy" from "neutral" based on valuation, near-term catalysts and improving U.S. fundamentals.

The firm raised its price target on Hilton Worldwide to $27 from $24.

HLT Chart HLT data by YCharts

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