Truist Securities Maintains Buy on Wyndham Hotels & Resorts, Lowers Price Target to $103
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Wyndham Hotels & Resorts but slightly lowered the price target from $104 to $103.
October 14, 2024 | 2:32 pm
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NEUTRAL IMPACT
Truist Securities has maintained a Buy rating on Wyndham Hotels & Resorts, indicating continued confidence in the stock. However, the price target has been slightly reduced from $104 to $103, suggesting a minor adjustment in expected valuation.
The maintenance of a Buy rating suggests that the analyst still sees potential upside in the stock, which is positive. However, the slight reduction in the price target indicates a minor adjustment in expectations, which could be due to market conditions or company performance. Overall, the impact is neutral as the Buy rating is maintained.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100