Wyndham Worldwide’s Target, Estimates Boosted at JPMorgan (WYN)

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Hotel and resort operator Wyndham Worldwide Corporation ( WYN ) on Friday saw its price target and earnings estimates raised by analysts at JPMorgan.

The firm said it now expects WYN shares to reach $46, suggesting a massive 55% upside to the stock's Thursday closing price of $29.27. JPMorgan also maintained its "Overweight" rating and boosted its earnings estimates, citing increased free cash flow, which has led to continued share buybacks.

Wyndham Worldwide shares rose 67 cents, or +2.3%, in premarket trading Friday.


The Bottom Line
Shares of Wyndham Worldwide ( WYN ) have a 2.05% dividend yield, based on last night's closing stock price of $29.27. The stock has technical support in the $25-$26 price area. If the shares can firm up, we see overhead resistance around the $30-$32 price levels.

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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