Jefferies analyst David Katz lowered the firm’s price target on Wyndham Hotels (WH) to $110 from $125 and keeps a Buy rating on the shares. The firm, citing macro and market uncertainty and decelerating global travel, expects companies in the U.S. lodging group to lower RevPAR and fee guidance, particularly REITs. Among the group, the firm’s sole Buy ratings remain Wyndham for its “low-RevPAR, low-leverage franchise model” and “group-stable” Ryman Hospitality (RHP), the analyst noted.
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Read More on WH:
- Wyndham Hotels upgraded to Buy from Neutral at Redburn Atlantic
- Wyndham Hotels price target lowered to $119 from $122 at Truist
- Wyndham Hotels raises quarterly dividend to 41c from 38c per share
- Wyndham Hotels price target raised to $113 from $107 at Morgan Stanley
- Wyndham Hotels price target raised to $110 from $80 at Susquehanna
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