Analyst Maintains Wyndham Worldwide As A Top Pick
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WYN
NEW YORK (AP) — Shares of Wyndham Worldwide Corp. set a new 52-week high Wednesday as a JPMorgan analyst maintained the hotel chain as a top pick on its appealing stock price, solid balance sheet and improving free cash flow.
Analyst Joseph Greff also increased the Parsippany, N.J.-based company's price target to $21 from $17 on anticipated growth in its lodging and timeshare business and solid free cash flow. He reiterated an "Overweight" rating. Wyndham's stock added 23 cents to $16.44 in afternoon trading. The shares reached a fresh 52-week high of $16.64 earlier in the session.- Loading Comments...
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