Wyndham, Las Vegas Sands and Choice Hotels Upgraded by Wolfe [TheStreet.com]
WYNDHAM DESTINATIONS INC (WYND)
Last wyndham destinations inc earnings: 2/26 06:30 am
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Source: TheStreet.com
Wyndham Destinations(WYNDGet ReportLVSCHHIn a note to clients, analyst Jared Shojaian upgraded Wyndham Destinations to outperform from peer perform with a $37 price target; Las Vegas Sands to outperform from peer perform with a $57 price target; and Choice Hotels to peer perform from underperform.Shares of all three companies were climbing at last check.Cruise line operators, among the worst hit by the coronavirus outbreak, were also rising. CarnivalCCLRCLNCLHShojaian said, however, that business travel, international travel and air travel in general appear as if they will be challenged for some time.He downgraded MarriottMARHLTOn March 17, Marriott became one of the first major companies to report large-scale layoffs.The hotel major recently said in a regulatory filing that it was borrowing $2 billion from a credit facility to increase its cash holdings and “preserve financial flexibility” in the face of market uncertainty created by the pandemic.Argus analyst John Staszak also downg
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