Jefferies analyst David Katz lowered the firm’s price target on Wyndham Hotels (WH) to $110 from $125 and keeps a Buy rating on the shares. The firm, citing macro and market uncertainty and decelerating global travel, expects companies in the U.S. lodging group to lower RevPAR and fee guidance, particularly REITs. Among the group, the firm’s sole Buy ratings remain Wyndham for its “low-RevPAR, low-leverage franchise model” and “group-stable” Ryman Hospitality (RHP), the analyst noted.
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