Goldman Sachs raised the firm’s price target on Wyndham Hotels (WH) to $115 from $100 and keeps a Buy rating on the shares. The firm rolled forward its valuation to 2026 estimates. Wyndham did not partake in much of the multiple expansion seen at the end of 2023 given the “noise” around the Choice Hotels (CHH) hostile takeover attempt and should trade at a premium to its current levels, the analyst tells investors in a research note.
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Read More on WH:
- 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
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