Barclays analyst Brandt Montour raised the firm’s price target on Wyndham Hotels & Resorts to $89 from $88 and keeps an Overweight rating on the shares. The company reported a solid quarter and gave reassuring updates on all three primary concerns: real-time demand trends, regional bank/lending headwinds, and growing competitive pressure from new brands, the analyst tells investors in a research note. The firm believes the stock looks oversold.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on WH:
- Wyndham Hotels & Resorts price target lowered to $81 from $87 at Stifel
- Wyndham Hotels & Resorts price target lowered to $90 from $100 at Oppenheimer
- Wyndham Hotels & Resorts raises FY23 adjusted EPS view to $3.92-$4.06
- WYNDHAM HOTELS & RESORTS REPORTS STRONG FIRST QUARTER 2023 RESULTS
- Wyndham Hotels & Resorts reports Q1 EPS 77c, consensus 80c