Morgan Stanley lowered the firm’s price target on Wyndham Hotels (WH) to $94 from $102 and keeps an Overweight rating on the shares. The firm has lowered estimates for lodging and timeshare stocks in its coverage on weaker demand indicators and tweaked down multiples to mark to market, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WH:
- Wyndham Hotels price target lowered to $100 from $121 at Barclays
- Jefferies downgrades hotel stock trio to Hold amid decelerating global travel
- Wyndham Hotels price target lowered to $110 from $125 at Jefferies
- Wyndham Hotels upgraded to Buy from Neutral at Redburn Atlantic
- Wyndham Hotels price target lowered to $119 from $122 at Truist