Wyndham Hotels gets 'neutral' rating as Mizuho starts coverage

Wyndham Hotels & Resorts

03/12/2025 13:55

** Mizuho initiates coverage on Wyndham Hotels & Resorts WH.N  with "neutral" rating and price target of $71

     ** PT represents a discount of 2.8% to the stock's last close

     ** Brokerage says WH's long-term net room growth is moderately below peers and reliant on affiliation deals and China growth

     ** Mizuho expects China to contribute 57% of 2026 room growth, which it says is revenue per available room (RevPAR) dilutive, fee-dilutive and lacks long-term visibility

     ** "US Economy-scale RevPAR, one of WH's larger markets, has been pressured, and we don't see a clear path to recovery." - brokerage

     ** Fourteen of 17 brokerages rate the stock "buy" or higher and three "hold"; their median PT is $95, according to data compiled by LSEG

     ** As of last close, shares down 27.5% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))