Baird lowered the firm’s price target on Wyndham Hotels to $86 from $87 and keeps an Outperform rating on the shares. The firm said they continue to see value in the shares but notes softer RevPAR trends are weighing on estimates and sentiment, although comparisons should ease post-1Q24.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WH:
- 3 Best Hotel Stocks to Buy in April 2024, According to Analysts
- 5 Best Travel Stocks to Buy in April 2024, According to Analysts
- Wyndham Hotels & Resorts appoints Scott Strickland as CCO
- Choice Hotels price target raised to $140 from $138 at Baird
- Wyndham Hotels & Resorts price target lowered to $90 from $92 at Barclays