Morgan Stanley Maintains Overweight on Wyndham Hotels & Resorts, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Gengaro maintains an Overweight rating on Wyndham Hotels & Resorts (NYSE:WH) but lowers the price target from $92 to $80.
June 27, 2023 | 12:47 pm
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Morgan Stanley maintains an Overweight rating on Wyndham Hotels & Resorts (NYSE:WH) and lowers the price target from $92 to $80.
Morgan Stanley's lowered price target for Wyndham Hotels & Resorts may cause short-term uncertainty among investors, but the maintained Overweight rating indicates a positive outlook for the stock. The impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100