Goldman Sachs Adds Wyndham to Conviction Buy List (WYN)


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Goldman Sachs reported on Tuesday that they have added hospitality company, Wyndham Worldwide Corporation( WYN ) to their Conviction Buy List.

The firm added WYN to its Conviction Buy List, expecting to see a 21% increase to their $60 price target for the company. Analysts are expecting the company to benefit from an improved US consumer market, a higher volume of US vacation rentals, capital allocation, and increased valuation.

Analysts see the company succeeding as consumer spending increases; they have high expectations for the company due to its high growth opportunities.

Wyndham shares were mostly flat during premarket trading Tuesday. The stock is up 33% YTD.

The Bottom Line
Shares of Wyndham Worldwide ( WYN ) have a 1.82% dividend yield, based on last night's closing stock price of $50.46. The stock has technical support in the $45-$47 price area. The stock is trading near all-time highs of $55 a share.

Wyndham Worldwide Corporation( WYN )is not recommended at this time, holding a 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 Nasdaq, Inc.

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This article appears in: Investing , Stocks

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