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Fly News Breaks for October 30, 2019
WH
Oct 30, 2019 | 08:50 EDT
Baird analyst Michael Bellisario said Wyndham Hotels and Resorts continue to offer an attractive risk/reward profile and he remains a buyer of the shares. The analyst said the better-than-expected Q3 results demonstrated free-cash-flow clarity which he believes will lead to valuation multiple expansion over time. He said he maintains his Top Pick designation on the stock. Bellisario reiterated his Outperform rating and $62 price target on Wyndham Hotels & Resorts shares.
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