BUZZ-Wyndham Hotels gets 'neutral' rating as Mizuho starts coverage
Mizuho has initiated coverage on Wyndham Hotels & Resorts with a 'neutral' rating and a price target of $71, which is 2.8% below the stock's last close. The brokerage notes that Wyndham's long-term net room growth is moderately below peers, relying heavily on affiliation deals and growth in China. Mizuho expects China to contribute significantly to future room growth but sees it as revenue and fee-dilutive with limited long-term visibility. Despite challenges in the US market, 14 out of 17 brokerages rate the stock as 'buy' or higher.
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
