BUZZ-Stifel raises PTs on Wyndham Hotels and Hyatt Hotels

Reuters11-26 20:59
BUZZ-Stifel raises PTs on Wyndham Hotels and Hyatt Hotels

** Brokerage Stifel raises target prices on Wyndham Hotels and Resorts WH.N and Hyatt Hotels H.N

** Says WH has a capital-light business model with largely recurring and high-margin streams of fee revenue, which makes it highly free cash flow generative

** Says H has multiple levers of growth with a quality portfolio of brands and the largest relative pipeline, which should result in some of the highest unit growth in the sector

** New PTs represent a 9.5% upside to WH's last close and 1.75% downside to H's last close

** Up to last close, WH up 21.49% and H up ~23% YTD

Company

New PT

Old PT

Rating

Wyndham Hotels and Resorts

$107

$92

Buy

Hyatt Hotels

$157.5

$145.5

Hold

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment