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WYN

Wyndham

$111.21

-0.82 (-0.73%)

10:37
04/13/18
04/13
10:37
04/13/18
10:37

Wyndham announces financings by spinoff subsidiary Wyndham Hotels

Wyndham Worldwide Corporation announced that its wholly owned subsidiary, Wyndham Hotels & Resorts, has arranged for commitments from lenders for a $1.6B senior secured term loan facility and has issued $500M aggregate principal amount of senior unsecured notes due 2026 in a private offering. The proceeds from the term loan facility and the notes are expected to be used primarily to finance Wyndham Hotels' planned acquisition of La Quinta Holdings, Inc.'s hotel franchising and management businesses, which is expected to occur in this quarter. Wyndham Hotels has also arranged for a $750M senior secured revolving credit facility, under which no borrowings are expected to be outstanding upon the spin-off or the La Quinta acquisition.

  • 02

    May

WYN Wyndham
$111.21

-0.82 (-0.73%)

02/13/18
MSCO
02/13/18
NO CHANGE
Target $23
MSCO
Overweight
La Quinta deal to join Wyndham system underappreciated, says Morgan Stanley
Morgan Stanley analyst Thomas Allen makes the case in a new note to investors that the market is missing the benefits La Quinta (LQ) gains from joining Wyndham's (WYN) system. For example, he estimates La Quinta hotels will be able to drop to below a 20% OTA mix and lower their average commission rate to about 15% given this will be the first time they will be part of a larger brand network. Noting that La Quinta shareholders will still own the hotels via the spin out into the Corepoint REIT, Allen raised his price target on the stock to $23 from $21 and keeps an Overweight rating on La Quinta shares.
02/15/18
RHCO
02/15/18
NO CHANGE
Target $131
RHCO
Buy
Wyndham price target raised to $131 from $112 at SunTrust
SunTrust analyst C. Patrick Scholes raised his price target on Wyndham to $131 and kept his Buy rating following a Q4 earnings beat. The analyst cites the better than expected EBITDA in the Lodging segment, along with its 4.5% increase in RevPAR and 4% rise in room count. Scholes also points to the company's FY18 outlook of 6%-8% EBITDA growth matching its long term targets.
03/23/18
STFL
03/23/18
NO CHANGE
Target $135
STFL
Buy
Wyndham shares have more room to run, says Stifel at Stifel
Stifel analyst Simon Yarmak took a deep dive into Wyndham Worldwide's Form 10 for the previously announced spin-off of Wyndham Hotels & Resorts, which is expected in Q2. In a research note to investors, Yarmak, who has a Buy rating and $135 price target on shares, said shares have had a "good" run, with shares up 21.3% vs. the S&P since the spin was announced in August, and sees more room for shares to run. He sees upside heading into the spinoff.
04/02/18
OPCO
04/02/18
INITIATION
Target $135
OPCO
Outperform
Wyndham initiated with an Outperform at Oppenheimer
Oppenheimer analyst Ian Zaffino started Wyndham Worldwide (WYN) with an Outperform rating and $135 price target, calling the company the leader in the economy/upper-economy hotel space and saying he believes the planned acquisition of La Quinta (LQ) will also make it the leader in the premier midscale segment.

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SCHW

Charles Schwab

$46.56

-1.49 (-3.10%)

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GT

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ZION

Zions Bancorp

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-0.86 (-1.78%)

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ARQL

ArQule

$4.52

-0.03 (-0.66%)

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SPX

S&P 500

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, SPY

SPDR S&P 500 ETF Trust

$275.70

-4.71 (-1.68%)

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GS

Goldman Sachs

$225.18

-3.03 (-1.33%)

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TTWO

Take-Two

$125.92

-6.08 (-4.61%)

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TakeTwo Interactive Software put volume heavy and directionally bearish »

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  • 18

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PPG

PPG

$98.22

0.07 (0.07%)

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URI

United Rentals

$123.97

-15.07 (-10.84%)

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  • 18

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ETE

Energy Transfer Equity

$17.05

(0.00%)

, ETP

Energy Transfer Partners

$21.83

0.03 (0.14%)

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ETE

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$17.05

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ETP

Energy Transfer Partners

$21.83

0.03 (0.14%)

ET

Energy Transfer LP

$0.00

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NVS

Novartis

$85.96

0.62 (0.73%)

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KEY

KeyCorp

$18.31

-0.44 (-2.35%)

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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ATVI

Activision Blizzard

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ARRY

Array BioPharma

$15.68

0.62 (4.12%)

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TOWR

Tower International

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  • 29

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KO

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