J.P. Morgan Maintains Overweight on Wyndham Worldwide

J.P. Morgan is out with its report today on Wyndham Worldwide (NYSE: WYN), maintaining Overweight.

In its report, J.P. Morgan writes, "We reaffirm our Overweight rating on WYN and continue to like it for the following reasons: (1) its substantial valuation discount to its peers, (2) its (still) underappreciated and improving free cash flow generation, (3) its solid balance sheet, and (4) not a lot of execution risk and high level of resiliency within its hospitality business model."

Shares of WYN closed Monday at $27.51, down 0.22% from Friday's close.