Hotel operator Wyndham Worldwide Corporation (
) on Friday caught a big upgrade from analysts at Goldman
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
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
Wyndham Worldwide shares were unchanged in premarket trading
The Bottom Line
Shares of Wyndham Worldwide (
) 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 (
) 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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