Wyndham Worldwide up 2% on Goldman Sachs Upgrade

Wyndham Worldwide Corporation

is trading higher pre-market following the upgrade at Golman Sachs this morning. Goldman upgraded the company to Buy from Neutral and raised Wyndham Worldwide price target from $45.50 to $55. In the reposrt, Goldman states that: "We are upgrading our rating on Wyndham to Buy from Neutral as we believe there is more upside and growth to Wyndham's core operating fundamentals then currently forecasted. Evidence of these opportunities should become more apparent over the next few quarters both on the top line and bottom line." Wyndham Worldwide is currently trading at $46.00, up $0.88 or 1.95% pre-,arket