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Fly News Breaks for December 13, 2018
CHH, WH
Dec 13, 2018 | 06:59 EDT
JPMorgan analyst Joseph Greff left recent investor meetings with management "incrementally positive" on the setup for Wyndham Hotels & Resorts (WH) shares versus peers. The analyst sensed the company's operations are "steady/consistent" and that the LaQuinta integration is going smoothly. Wyndham's current valuation discount to Choice Hotels (CHH) is unwarranted, Greff tells investors in a research note. He keeps an Overweight rating on Wyndham Hotels & Resorts.
News For WH;CHH From the Last 2 Days
WH
Apr 19, 2024 | 06:40 EDT
WH
Apr 19, 2024 | 05:16 EDT
CHH
Apr 19, 2024 | 05:14 EDT
Barclays lowered the firm's price target on Choice Hotels to $114 from $122 and keeps an Underweight rating on the shares as part of a Q1 lodging sector preview. The firm says the Easter shift dragged down March, making Q1 RevPAR beats less than likely. However, the analyst still expects more or less in-line EBITDA for the large caps.
