FBR Capital Reiterates an 'Outperform/Top Pick' on Wyndham Worldwide (WYN); Raising Price Target and Estimates
Tweet
Share
E-mailGet Alerts WYN Hot Sheet
Price: $51.75 --0%
Rating Summary:
7 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
7 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
FBR Capital reiterates an 'Outperform/Top Pick' on Wyndham Worldwide (NYSE: WYN), PT increased from $39 to $41.
FBR analyst says, "Following yesterday’s results, we are raising our above-consensus 2011 EPS estimate to $2.26 from $2.12 and 2012E to $2.62 from $2.48. The increases are primarily from the 1Q EBITDA beat and a lower share count. We are increasing our 2011 EBITDA estimate to $956M from $947M and 2012 to $1,044M from $1,042M, respectively. Based on commentary we heard, our sense is that 2011 is likely to see largely reduced acquisition activity compared with 2010. This in turn could mean that WYN spends a more significant proportion of its $700M in expected FCF on share repurchases in 2011 than it did in 2010."
For more ratings news on Wyndham Worldwide click here and for the rating history of Wyndham Worldwide click here.
Shares of Wyndham Worldwide closed at $34.00 yesterday.
FBR analyst says, "Following yesterday’s results, we are raising our above-consensus 2011 EPS estimate to $2.26 from $2.12 and 2012E to $2.62 from $2.48. The increases are primarily from the 1Q EBITDA beat and a lower share count. We are increasing our 2011 EBITDA estimate to $956M from $947M and 2012 to $1,044M from $1,042M, respectively. Based on commentary we heard, our sense is that 2011 is likely to see largely reduced acquisition activity compared with 2010. This in turn could mean that WYN spends a more significant proportion of its $700M in expected FCF on share repurchases in 2011 than it did in 2010."
For more ratings news on Wyndham Worldwide click here and for the rating history of Wyndham Worldwide click here.
Shares of Wyndham Worldwide closed at $34.00 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'
- Mr. Cooper Group Inc. (COOP) PT Raised to $87 at Jefferies
- Prudential Financial (PRU) PT Raised to $116 at Evercore ISI
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
