Hilton rises after announcing Nasdaq transfer
Tue 14:25
BUZZ-Hilton rises after announcing Nasdaq transfer ** Hotel operator Hilton Worldwide's HLT.N shares gain 2.6% to $355.02 in premarket trading
** Co plans to transfer its stock listing from the New York Stock Exchange to Nasdaq
** CEO Chris Nassetta says a Nasdaq listing aligns with the company's growth ambitions and that the index is highly respected as the home of many of the world's most innovative companies
** Hilton shares are set to begin trading on Nasdaq under the HLT ticker on November 5
** 18 of 30 brokerages rate the stock "buy" or higher, while the remaining 12 recommend "hold"; their median PT is $359.50, according to LSEG
** Stock up 20.5% YTD
(Reporting by Darshan Kumar in Bengaluru)