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Fly News Breaks for August 22, 2019
WH
Aug 22, 2019 | 08:32 EDT
As previously reported, Baird analyst Michael Bellisario initiated Wyndham Hotels & Resorts with an Outperform rating citing the recent pullback in the shares. The analyst said the weakness has created an attractive entry point as its valuation relative to peers is favorable. He also likes its asset-light, high cash flow generating business model. Bellisario has a $62 price target on Wyndham Hotel & Resorts shares. Target $62.