Wyndham Hotels price target raised to $107 from $92 at Stifel

Stifel raised the firm’s price target on Wyndham Hotels (WH) to $107 from $92 and keeps a Buy rating on the shares. Shares have rallied about 1o% since the night before the recent election as investors appear to be more bullish on the economy and by extension lodging stocks, notes the analyst, who is maintaining the firm’s 2024 EPS estimate of $4.34 and adjusting its 2025 and 2026 EPS estimates. Outyear estimates are moving lower due to a higher share price resulting in fewer shares repurchased, thus resulting in a higher outstanding share count, the analyst noted.