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Travel + Leisure raises full-year outlook, driven by strong cash flow and buybacks, maintaining a 'Buy' rating.

Analyst Insights
12 Nov 2026, 20:46 WIB
Seeking Alpha
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Bullish
Travel + Leisure raises full-year outlook, driven by strong cash flow and buybacks, maintaining a 'Buy' rating.

Travel + Leisure (TNL) reported a 23% year-over-year increase in Q3 earnings per share, supported by strong share buybacks and stable credit quality in its vacation ownership interest segment. The company maintains reasonable leverage at 3.3 times and generates robust free cash flow, enabling a secure 3% dividend and ongoing buybacks. It raised its full-year EBITDA guidance and plans capital returns of $450–500 million next year, supporting a price target of $90–$100. These factors underpin a continued 'Buy' recommendation for the stock.

Travel + Leisure provides context with Pluang's Consumer Cyclical sector data as of Nov 13, 2026 00:41 WIB. Of 134 US Consumer Cyclical stocks, 33 rose and 101 fell. Notable movers include Gogoro Inc at USD 2.85 (+5.56%), Newegg Commerce Inc at USD 8.90 (+4.95%) with 100% buy orders, and Stellantis N.V. at USD 3.92 (-4.50%).

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