Pair trading is a market-neutral trading strategy of taking opposing positions — long-short — in a pair of highly correlated instruments. It's a risk mitigation strategy that helps to turn a profit from any market condition. In a Wednesday note, Bernstein identified a potential pair trade in the U.S. hospitality sector. The Analyst Bernstein analyst David Beckel downgraded shares of Marriott International Inc MAR from Outperform to Market Perform and raised the price target from $116 to $132. The analyst maintained his Outperform rating on the shares of Hilton Worldwide Holdings Inc HLT and increased the price target from $75 to $86. SourceWe can expect a breakout of the rising channel soon. $MAR, Marriott International / D Almost the same goes here. $HLT, Hilton Worldwide Holdings Inc. / D