Deutsche Bank has downgraded hospitality company, Wyndham
) to a "Hold" on Thursday.
The firm downgraded WYN from a "Buy" to a "Hold," and has
increased its price target from $55 to $57. This price suggests a
8% increase over the stock's current price of $52.37.
An analyst from the firm commented, "despite a solid quarter
which left the bull case thesis on the stock largely unchanged, we
are downgrading shares of WYN to Hold from Buy. Our downgrade is
solely predicated on our view that: 1) shares have had an elongated
run and we see current valuation into staunch growth expectations
as being fair, 2) the potential for moderating free cash flow
exists, 3) margins appear to be harnessed, and 4) the risk reward
has become more balanced."
Wyndham Worldwide shares were mostly flat during Thursday
morning trading. The stock is up 38.57% YTD.
The Bottom Line
Shares of Wyndham Worldwide (
) have a 1.76% dividend yield, based on last night's closing stock
price of $52.29. The stock has technical support in the $47-$50
price area. The stock is trading near all-time highs of $55 a
Wyndham Worldwide Corporation(
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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