Barclays analyst Brandt Montour raised the firm’s price target on Wyndham Hotels & Resorts to $92 from $89 and keeps an Overweight rating on the shares. The company’s RevPAR and new unit growth outlooks were both better than expected, firming up the drivers of its previously announced 2024 guidance, which had been somewhat difficult to underwrite, the analyst tells investors in a research note.
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- WYNDHAM HOTELS & RESORTS REPORTS STRONG FOURTH QUARTER RESULTS WITH RECORD OPENINGS, RETENTION AND SYSTEM GROWTH
- Wyndham Hotels & Resorts sees 2024 adjusted EPS $4.11-$4.23, consensus $4.26
- Wyndham Hotels & Resorts reports Q4 adjusted EPS 91c, consensus 90c
- Wyndham Hotels & Resorts price target raised to $87 from $85 at Baird
