Barclays analyst Brandt Montour raised the firm’s price target on Wyndham Hotels (WH) to $100 from $90 and keeps an Overweight rating on the shares post the Q3 report. The firm says a “unique set of circumstances emerges” for Wyndham to show some relative near-term RevPAR recovery verses its larger-cap peers. The stock’s relative valuation discount continues to seem at odds with its development momentum, the analyst tells investors in a research note.
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Read More on WH:
- Wyndham Hotels Posts Strong Q3, Raises EPS Outlook
- Wyndham Hotels reports Q3 adjusted EPS $1.39, consensus $1.38
- Wyndham Hotels raises 2024 adjusted EPS view to $4.22-$4.34 from $4.20-$4.32
- WH Earnings this Week: How Will it Perform?
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