** At least four brokerages raise PT on Hyatt Hotels H.N after hotel operator beats Q4 profit estimates

** Stock up marginally in early trading

** Mizuho says as AI becomes a primary tool for hotel searches, rankings will be driven more by relevance than advertising, potentially steering more travelers to book directly with H and lowering its reliance on online travel agencies

** JP Morgan backs H’s efforts to increase its asset-light mix to 90% by 2026 and simplify its business, including reclassifying joint-venture EBITDA

** Brokerage says H's moves are intended to better resemble higher-multiple "algo-compounder" peers who grow earnings steadily through recurring, asset-light revenues rather than an asset-heavy ownership model

** Median PT of 24 brokerages covering the stock is $175 - data compiled by LSEG

** H gained 2.1% in 2025

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))