Wyndham Hotels & Resorts - Travel and Tourism Boom Causes Bright Prospects!
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Business drivers: Wyndham Hotels & Resorts (WYN) is one of the leading hotel franchise companies worldwide, with approximately 9,300 hotels in 95 countries. The loyalty program Wyndham Rewards boasts over 115 million members globally. Currently, Wyndham is poised to benefit from the travel and tourism boom, having posted an EPS of 86 cents in Q1, significantly above the consensus expectations of 82 cents. On June 23, JPMorgan started coverage with an Overweight rating and a price target of $101.
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