Loop Capital gives away its top lodging stock

Loop Capital's Daniel Adam dubs Wyndham a "top pick" in the lodging space.
He discussed his bullish view this afternoon on CNBC's "Power Lunch".
The analyst sees upside to $100 a share in Wyndham Hotels and Resorts Inc.

Shares of Wyndham Hotels and Resorts Inc (NYSE: WH) have come down roughly 7.0% since late March, but Daniel Adam sees good times for the investors ahead.

Wyndham is a reopening play

The Loop Capital analyst says Wyndham is a reopening play that’s his “top pick” in the lodging space. Explaining his bullish view on CNBC’s “Power Lunch”, he said:

Adam rates the world’s largest hotel franchisor at “buy” with a price target of $100 a share that represents a 25% upside from here.

Wyndham is attractive on valuation

Wyndham expects 2022 to be another strong year for its Asia Pacific business. According to the senior analyst, the recent sell-off makes Wyndham Hotels and Resorts an even attractive pick in terms of valuation.

The American hotel company declared 32 cents a share of quarterly dividend last month. WH is expected to report its quarterly results in the final week of April.