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Hyatt Hotels the preferred hotel name at Wells Fargo due to favorable exposure

December 5, 2023 1:44 PM EST

Wells Fargo initiated Hyatt Hotels (NYSE: H) at Overweight and Hilton (NYSE: HLT) and Marriott (NASDAQ: MAR) at Equal Weight in a note covering hotel stocks on Tuesday.

Analyst Daniel Politzer said they believe US lodging is entering a period of stabilization and they prefer names that cater to group and higher-end business/leisure travel, have strong unit growth outlooks, and carry reasonable... More