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Morgan Stanley Raises Travel + Leisure (TNL) Price Target to $80
Morgan Stanley has increased its price target for Travel + Leisure Co. (TNL) to $80 from $68, maintaining an Overweight rating. The firm anticipates similar underlying trends in 2026 for gaming, lodging, and leisure, with TNL favorably positioned due to its customer demographic and recurring revenue model. Travel + Leisure Co. reported robust financial results in Q3 2025, including $111 million in net income and $1.04 billion in net revenue, alongside strategic brand expansions.