JPMorgan raised the firm’s price target on Wyndham Hotels (WH) to $113 from $99 and keeps an Overweight rating on the shares. 2024 was another mixed year of Gaming & Lodging share price performance, with Lodging c-corps, on average, outperforming the SPX, while Gaming companies and Lodging REITs, on average, underperformed the SPX, the analyst tells investors in a research note. The firm said that, looking ahead, it sees more downside risk to stubbornly high consensus estimates for U.S. Gaming than upside, without a full appreciation for slowing top line growtth and the ensuing margin impact.
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Read More on WH:
- Wyndham Hotels price target raised to $115 from $100 at Goldman Sachs
- 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