Wyndham Hotels & Resorts Shares Underperformance is Overdone
<p>Deutsche Bank analysts started coverage on <a href='https://financialmodelingprep.com/financial-summary/WH'>Wyndham Hotels & Resorts, Inc. (NYSE:WH)</a> with a Buy rating and a price target of $79, noting it believes the recent underperformance in shares is overdone and primarily related to regional banking concerns on funding availability for development/unit growth. </p>
<p>According to the analysts, this underperformance offers investors an entry point, adding that it believes fears over the net unit growth outlook and pipeline are exaggerated. At present, the Wyndham pipeline is the healthiest it has ever been, up 13% year-over-year, which, the analysts believe, should drive accelerating net unit growth moving forward. </p>
<p>In addition, the analysts view the company’s select service chain scale exposure as more defensive in a downturn, relative to full service, with select service RevPAR outperforming by approximately 840 basis points on average, over the last three downturns.</p>

NYSE:WH