BUZZ-Mizuho raises Wyndham's PT, reiterates "outperform"

Reuters02-20
BUZZ-Mizuho raises Wyndham's PT, reiterates "outperform"

** Mizuho raises price target on Wyndham Hotels & Resorts WH.N to $108 from $97; reiterates "outperform" rating

** New PT represents a 27.5% upside to stock's last close

** Mizuho notes court filings state that WH's largest European franchise Revo Hospitality Group's duplicate structures and integration problems stem from its own aggressive M&A and expansion, not from Wyndham

** On Wednesday, WH disclosed in its earnings release that Revo has filed for insolvency proceedings under self-administration for most of its operating entities; co says it has recorded certain charges related to the issue

** Mizuho says hotels involved are still operating and once the situation is resolved, WH is expected to receive its owed fees retroactively likely in first half of 2027

** Median PT of 17 brokerages covering the stock is $97.9 - data compiled by LSEG

** WH fell 25% in 2025

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

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