Morgan Stanley raised the firm’s price target on Wyndham Hotels (WH) to $97 from $94 and keeps an Overweight rating on the shares. The firm raised estimates “modestly across the board” for its Gaming & Lodging coverage to reflect better Q1 results and roughly in-line guidance expectations and mark-to-market adjustments for higher multiples. Discounted valuations among the group suggest the market “still remains pessimistic near-term,” adds the analyst.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WH:
- Wyndham Hotels Elects Directors at Annual Meeting
- Wyndham Hotels price target lowered to $95 from $110 at Susquehanna
- Wyndham Hotels announces development agreement with Le Park Concord
- Wyndham Hotels price target lowered to $99 from $107 at Baird
- Wyndham Hotels price target lowered to $100 from $119 at Truist