Wyndham Hotels price target raised to $87 from $79 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Wyndham Hotels (WH) to $87 from $79 and keeps a Neutral rating on the shares. Wyndham Hotels’ Q4 outlook met expectations despite a $12M EBITDA headwind, driving a +6% stock move, as management remains optimistic on U.S. RevPAR improvement, the analyst tells investors in a research note. While U.S. room growth picked up and pipeline expansion was strong, visibility remains limited, and some structural and competitive headwinds may constrain near-term upside, the firm says.