NEW YORK (TheStreet) -- Shares of Hyatt Hotels Corp (H) were gaining, up 1.56% to $57.22 in early market trading Thursday, after analysts at Brean Capital initiated coverage with a "buy" rating this morning.
The firm issued a $68 price target, saying there are meaningful growth opportunities ahead, despite the company's relative small size.
Brean analysts praised "the company's relentless pursuit of industry-leading customer service and brand quality."
The firm says the company is well recognized due to the strategic location of its hotels in resort and gateway markets.
"Over the past several years Hyatt has created several new lodging brands, all of which it will seek to leverage its existing infrastructure and management talent to grow materially over the next decade," the firm wrote in a note.
Chicago, Ill.-based Hyatt Hotels is a hospitality company that develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties, consisting of full service hotels, select service hotels, resorts and other properties.
The company's portfolio consists of about 587 properties with 155,265 rooms and units.
It operates hotels and resorts under five brands, including Park Hyatt, Andaz, Hyatt, Grand Hyatt and Hyatt Regency.
Separately, TheStreet Ratings team rates HYATT HOTELS CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate HYATT HOTELS CORP (H) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income."