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Fly News Breaks for May 31, 2018
WH
May 31, 2018 | 05:32 EDT
Jefferies analyst David Katz started Wyndham Hotels & Resorts with a Buy rating and $80 price target. The company's "overlooked" business segment now has the resources and strategies to grow and return capital, Katz tells investors in a research note. He believes the segment should trade in line with other franchising businesses, making Wyndham a "valuation rerating story."
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