Barclays analyst Brandt Montour lowered the firm’s price target on Wyndham Hotels (WH) to $95 from $99 and keeps an Overweight rating on the shares following the Q3 report. The company’s “reasonably significant cut to guidance should be a de-risking event,” the analyst tells investors in a research note. The firm believes Wyndham’s valuation multiple is “too cheap” despite a lack of catalysts in the near term.
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Read More on WH:
- Wyndham Hotels Reports Growth Amidst Challenging Market
- Wyndham Hotels price target lowered to $95.50 from $103.50 at Stifel
- Wyndham Hotels Reports Q3 Growth Amid Challenges
- Wyndham Hotels cuts FY25 adjusted EPS view to $4.48-$4.62 from $4.60-$4.78
- Wyndham Hotels reports Q3 adjusted EPS $1.46, consensus $1.44