Wyndham Worldwide Now Rated a “Buy” at Goldman Sachs (WYN)

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Hotel operator Wyndham Worldwide Corporation ( WYN ) on Friday caught a big upgrade from analysts at Goldman Sachs.

The firm said it boosted its rating from "Neutral" to "Buy" while lifting its price target from $45.50 to $55. The new target suggests a 22% upside to the stock's Thursday closing price of $45.12.

Goldman noted that despite a massive 50% run-up over the past year, it still sees a secong leg of upside for the stock as we progress through 2012 and 2013. The analyst also cited the potential for additional earnings growth, given strong core operating fundamentals.


Wyndham Worldwide shares were unchanged in premarket trading Friday.

The Bottom Line
Shares of Wyndham Worldwide ( WYN ) have a 2.04% dividend yield, based on last night's closing stock price of $45.12. The stock has technical support in the $40 price area. The shares are trading right near all-time highs.

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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This article appears in: Investing , Stocks

Referenced Stocks: WYN

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