Deutsche Bank Reiterates “Buy” Rating on Wyndham Worldwide (WYN)

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Hotel operator Wyndham Worldwide Corporation ( WYN ) on Wednesday saw its "Buy" rating reaffirmed by analysts at Deutsche Bank, on the heels of an upbeat recent meeting with upper management.

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 Wednesday.

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 ( WYN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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