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WYND

Wyndham Destinations

$38.27

0.28 (0.74%)

, WH

Wyndham Hotels & Resorts

$48.57

0.135 (0.28%)

06:53
01/14/19
01/14
06:53
01/14/19
06:53

Wyndham Destinations upgraded to Buy with $52 target at Nomura Instinet

Nomura Instinet analyst Harry Curtis upgraded Wyndham Destinations (WYND) to Buy from Neutral and raised his price target for the shares to $52 from $51.45. Following the spinoff of Wyndham Hotels & Resorts (WH), the analyst sees upside to EBITDA and earnings outlooks from lower loan-loss provisions, new sales leads, and share repurchases.

WYND

Wyndham Destinations

$38.27

0.28 (0.74%)

WH

Wyndham Hotels & Resorts

$48.57

0.135 (0.28%)

  • 28

    May

WYND Wyndham Destinations
$38.27

0.28 (0.74%)

11/26/18
GSCO
11/26/18
DOWNGRADE
Target $47
GSCO
Neutral
Wyndham Destinations downgraded to Neutral at Goldman Sachs on valuation
As reported earlier, Goldman Sachs analyst Stephen Grambling downgraded Wyndham Destinations to Neutral from Buy and lowered his price target to $47 from $54. The analyst says the recent rally of over 19% since the company's earnings release leaves less upside for the stock relative to other names in his coverage universe that have "more optionality and better growth prospects". Among its risks, Grambling points to the possibility of higher loan loss provisioning and weaker conversion of new customers.
11/26/18
GSCO
11/26/18
NO CHANGE
Target $39
GSCO
Buy
Hilton Grand Vacations price target lowered to $39 from $45 at Goldman Sachs
Goldman Sachs analyst Stephen Grambling lowered his price target on Hilton Grand Vacations (HGV) to $39 as part of his broader research note into the hotels/resorts industry partially titled "Should timeshare get more credit for credit?" The analyst believes that some of the tenets of his thesis around faster sales growth and balanced margins have unfolded, but now the industry may be headed for a macro-driven downturn amid a "mixed" leisure data points around "housing, amusement park visitation, hotel RevPAR, and gross gaming revenue". Relative to his downgraded Wyndham Resorts (WYND), Grambling believes that Hilton Grand Vacations offers a "better way to gain exposure given it has levers to mitigate potential macro pressures like "lower financial leverage, greater upgrade sales potential, higher mix of asset-light sales" and keeps his Buy rating on the stock.
11/27/18
11/27/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Hormel Foods (HRL) downgraded to Hold from Buy at Jefferies with analyst Akshay Jagdale citing valuation. 2. Wyndham Hotels & Resorts (WH) downgraded to Buy from Conviction Buy at Goldman Sachs while Wyndham Destinations (WYND) was downgraded to Neutral from Buy. 3. U.S. Bancorp (USB) downgraded to Hold from Buy at Deutsche Bank with analyst Matthew O'Connor citing valuation. 4. Macerich (MAC) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Richard Hill saying he believes the market is underappreciating the company's free cash flow declines in 2019 and 2020. 5. Athenahealth (ATHN) downgraded to Market Perform from Outperform at Wells Fargo with analyst Jamie Stockton saying he suspects a proxy will come out in the next week or two detailing the full process since June to try to sell the company, which ultimately resulted in Veritas Capital and Elliott Management making a $135 all-cash offer on November 12. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/14/19
NOMU
01/14/19
UPGRADE
NOMU
Buy
Wyndham Destinations upgraded to Buy from Neutral at Nomura Instinet
WH Wyndham Hotels & Resorts
$48.57

0.135 (0.28%)

11/27/18
GSCO
11/27/18
DOWNGRADE
Target $70
GSCO
Buy
Wyndham Hotels & Resorts downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman Sachs analyst Stephen Grambling removed Wyndham Hotels & Resorts (WYN) from his firm's America's Conviction List while keeping a Buy rating on the shares. The analyst lowered his price target for the stock to $70 from $76. Grambling reduced his estimates for Wyndham to reflect incremental caution around timeshare amid softening housing data and rising rates. However, he continues to believe upside from the La Quinta acquisition, accelerating unit growth, and fee rates should all drive upside to consensus estimates and a "re-rating" versus peers. Nonetheless, Grambling sees a more attractive risk/reward in shares of Marriott (MAR).
12/13/18
JPMS
12/13/18
NO CHANGE
JPMS
Overweight
Wyndham valuation discount to Choice unwarranted, says JPMorgan
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.
12/24/18
STFL
12/24/18
NO CHANGE
Target $62
STFL
Buy
Wyndham Hotels & Resorts price target lowered to $62 from $68 at Stifel
Stifel analyst Simon Yarmak lowered his price target for Wyndham Hotels & Resorts to $62 despite slightly raising his estimates for Q4, 2019 and 2020. The analyst keeps a Buy rating on the shares. To reflect a "slightly better quarter in the U.S.," the analyst raised his Q4 earnings per share estimate to $2.71 from $2.70, 2019 estimate to $3.32 from $3.30 and 2020 estimate to $3.71 from $3.70. The shares are undervalued and will likely outperform next year, Yarmak tells investors in a research note.

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