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Deutsche Bank Meets With WYN Management, Investors Remain Comfortable

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Deutsche Bank has published a research report for Wyndham Worldwide Corporation (NYSE: WYN) following meetings with management.

In the report, Deutsche Bank writes "participated in a series of investor meetings w/ WYN CEO Steve Holmes and CFO Tom Conforti. Tone was confident & upbeat, particularly on execution of stated FCF strategy. Underlying trends continue to improve at a steady, measured pace. We view incremental investor comfort w/ timeshare & rental/exchange as key to narrowing multiple gap vs. peers; we see mgt continuing to be proactive on this front and are encouraged by investor interest."

Deutsche Bank maintains its Buy rating and $34 price target.

Wyndham Worldwide closed yesterday at $28.03.

Posted-In: Deutsche Bank steve holmes tom conforti wyndham worldwideAnalyst Color Analyst Ratings

 

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