The travel and leisure industry stands poised for a resurgence, offering investors promising opportunities for growth and returns. As the world gradually emerges from the challenges of the past, the demand for travel and leisure experiences is on the rise, presenting a compelling case for savvy investors. Today, we’re looking at three robust stocks within the travel and leisure sector that demonstrate resilience, innovation, and the potential for substantial returns. These companies not only weathered the storm but have positioned themselves strategically to capitalize on the pent-up demand for exploration and recreation.
Here are three “strong buy” travel/leisure stocks from Wall Street –
United Airlines Holdings, Inc. – SYM: UAL
Recent Price: $41.78
Price Target: $59.60
Firms with Buy Rating: Morgan Stanley, Raymond James, Goldman Sachs
Description: United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, training, and maintenance services for third parties.
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Delta Air Lines, Inc. – SYM: DAL
Recent Price: $40.57
Price Target: $55.23
Firms with Buy Rating: Morgan Stanley, TD Cowen, Goldman Sachs
Description: Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon. The company sells its tickets through various distribution channels, reservations, online travel agencies, traditional brick and mortar, and other agencies. It also provides aircraft maintenance and engineering support, repair, and overhaul services; and vacation packages to third-party consumers, as well as aircraft charters, and management and programs. The company operates through a fleet of approximately 1,250 aircrafts. Delta Air Lines, Inc. was founded in 1924 and is based in Atlanta, Georgia.
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Marriott Vacations Worldwide Corporation – SYM: VAC
Recent Price: $86.91
Price Target: $105.71
Firms with Buy Rating: Truist Financial, Deutsche Bank, Stifel Nicolaus
Description: Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club, and Marriott Vacation Club Pulse brands. It also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand. In addition, the company offers exchange networks and membership programs, as well as provision of management services to other resorts and lodging properties through various brands, including Interval International, Trading Places International, Vacation Resorts International, and Aqua-Aston. The company sells its upscale tier vacation ownership products primarily through a network of resort-based sales centers and off-site sales locations. Marriott Vacations Worldwide Corporation was founded in 1984 and is headquartered in Orlando, Florida.