Hotel operator Wyndham Worldwide Corporation (
) on Wednesday saw its "Buy" rating reaffirmed by analysts at
Deutsche Bank, on the heels of an upbeat recent meeting with upper
The firm noted, "On Tuesday we participated in a series of
investor meetings w/ WYN CEO Steve Holmes and CFO Tom Conforti.
Tone was confident & upbeat, particularly on execution of
stated FCF strategy. Underlying trends continue to improve at a
steady, measured pace. We view incremental investor comfort w/
timeshare & rental/exchange as key to narrowing multiple gap
vs. peers; we see mgt continuing to be proactive on this front and
are encouraged by investor interest. More notes inside. We view WYN
as the best value (GARP) idea in the space."
Wyndham Worldwide shares were mostly flat in premarket trading
The Bottom Line
Shares of WYN has a dividend yield of 1.71%, based on last night's
closing stock price of $28.03. The stock has technical support in
the $24 price area. If the shares can firm up, we see overhead
resistance around the $30-$33 price levels. We would remain on the
sidelines for now.
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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