BUZZ - Hilton's stock price rises after announcing a switch to Nasdaq

October 20 - ** Hotel operator Hilton Worldwide stock (HLT.N) rose 2.6% in premarket trading to $355.02

** The company plans to move its stock listing location (link) from the New York Stock Exchange to Nasdaq

** Hilton Worldwide Chief Executive Officer Chris Nassetta said that listing on Nasdaq aligns with the company's growth objectives, and the exchange is highly regarded as a hub for many of the world's most innovative companies

** Hilton Group’s stock will begin trading on Nasdaq under the ticker HLT on November 5

** According to data from London Stock Exchange Group (LSEG), 18 out of 30 brokers rate the stock as “buy” or higher, while the remaining 12 recommend “hold”; the median target price is $359.50

** The stock has gained 20.5% so far this year

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