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Hyatt Hotels (H) and Marriott International (MAR) ended the session meaningfully higher on April 8.
The U.S.-Iran ceasefire led to a sharp rebound in Hyatt and Marriott stock prices.
KEY POINTS
- The reopening of the Strait of Hormuz is expected to boost international travel bookings.
- Falling oil prices and lower Treasury yields improved the outlook for hotel stocks on April 8.
- Wall Street consensus rates both Hyatt and Marriott as 'Moderate Buy' with further upside potential.
COMPANIES
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