Wyndham Hotels gets 'neutral' rating as Mizuho starts coverage

Mizuho initiates coverage on Wyndham Hotels & Resorts WH.N with "neutral" rating and price target of $71

PT represents a discount of 2.8% to the stock's last close

Brokerage says WH's long-term net room growth is moderately below peers and reliant on affiliation deals and China growth

Mizuho expects China to contribute 57% of 2026 room growth, which it says is revenue per available room (RevPAR) dilutive, fee-dilutive and lacks long-term visibility

"US Economy-scale RevPAR, one of WH's larger markets, has been pressured, and we don't see a clear path to recovery." - brokerage

Fourteen of 17 brokerages rate the stock "buy" or higher and three "hold"; their median PT is $95, according to data compiled by LSEG

As of last close, shares down 27.5% YTD