Market Overview

UPDATE: Deutsche Bank Downgrades Wyndham Worldwide to Hold on Valuation

Share:
Related WYN
Credit Suisse On The Timeshare Sector: What's Not To Like?
The Week Ahead: Coindesk Conference, Walmart And Retailers Close Out Earnings Season
Stocks To Watch: Powerhouse CEOs In The Limelight (Seeking Alpha)

Deutsche Bank reduced its rating on Wyndham Worldwide (NYSE: WYN) from Buy to Hold while raising its price target from $55 to $57.

Deutsche Bank noted, "Despite a solid quarter which left the bull case thesis on the stock largely unchanged, we are downgrading shares of WYN to Hold from Buy. Our downgrade is solely predicated on our view that: 1) shares have had an elongated run and we see current valuation into staunch growth expectations as being fair, 2) the potential for moderating free cash flow exists, 3) margins appear to be harnessed, and 4) the risk reward has become more balanced."

Wyndham Worldwide closed at $53.30 on Wednesday.

Latest Ratings for WYN

DateFirmActionFromTo
May 2018Stifel NicolausMaintainsBuyBuy
Apr 2018OppenheimerInitiates Coverage OnOutperform
Jan 2018Goldman SachsUpgradesNeutralBuy

View More Analyst Ratings for WYN
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (WYN)

View Comments and Join the Discussion!