Wyndham Hotels price target lowered to $91 from $105 at Morgan Stanley

Morgan Stanley analyst Stephen Grambling lowered the firm’s price target on Wyndham Hotels (WH) to $91 from $105 and keeps an Overweight rating on the shares. The firm updated estimates in the lodging group to reflect recent industry data. While interest rate cuts won’t be a “panacea,” there is a path to RevPAR trends stabilizing and better hotel development, the analyst tells investors in a research note.