Goldman Sachs raised the firm’s price target on Wyndham Hotels (WH) to $115 from $100 and keeps a Buy rating on the shares. The firm rolled forward its valuation to 2026 estimates. Wyndham did not partake in much of the multiple expansion seen at the end of 2023 given the “noise” around the Choice Hotels (CHH) hostile takeover attempt and should trade at a premium to its current levels, the analyst tells investors in a research note.
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:
- Wyndham Hotels initiated with an Equal Weight at Wells Fargo
- Wyndham Hotels price target raised to $107 from $92 at Stifel
- Wyndham Hotels price target raised to $115 from $90 at Oppenheimer
- Choice Hotels downgraded to Hold from Buy at Jefferies
- Wyndham Hotels nears 600 direct franchise hotels in China over five years