Goldman Sachs Adds Wyndham to Conviction Buy List (WYN)
Goldman Sachs reported on Tuesday that they have added hospitality company, Wyndham Worldwide Corporation(WYN) to their Conviction Buy List.
The firm added WYN to its Conviction Buy List, expecting to see a 21% increase to their $60 price target for the company. Analysts are expecting the company to benefit from an improved US consumer market, a higher volume of US vacation rentals, capital allocation, and increased valuation.
Analysts see the company succeeding as consumer spending increases; they have high expectations for the company due to its high growth opportunities.
Wyndham shares were mostly flat during premarket trading Tuesday. The stock is up 33% YTD.
The Bottom Line
Shares of Wyndham Worldwide (WYN) have a 1.82% dividend yield, based on last night’s closing stock price of $50.46. The stock has technical support in the $45-$47 price area. The stock is trading near all-time highs of $55 a share.
Wyndham Worldwide Corporation(WYN)is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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