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Hyatt Hotels Corp (NYSE:H) shares are getting a boost on Tuesday after it was announced the company will join the S&P MidCap 400.
What To Know: Hyatt will replace National Instruments Corp (NASDAQ:NATI) in the S&P MidCap 400 as Emerson Electric Co (NYSE:EMR) is set to acquire National Instruments in a deal pending final conditions. The shake up in the index will become effective prior to the market open on Thursday.
Hyatt shares are up 15.49% year-to-date. The company is set to report third-quarter financial results before the open on Nov. 2. Analysts are looking for earnings of 62 cents per share on revenue of $1.632 billion, according to estimates from Benzinga Pro.
Of the 17 analysts with coverage on Hyatt, 11 have positive ratings and 6 have neutral ratings with price targets ranging from $52 to $147.
See Also: Why The Fear Level Among US Investors Is Easing
H Price Action: Hyatt shares were up 6.27% at $111.01 at the time of publication, per Benzinga Pro.
Photo: falco from Pixabay.
