FBR Capital Maintains an 'Outperform/Top Pick' on Wyndham Worldwide (WYN); Key Points from Investor Meetings: Sweet Free Cash Flow Story Rolls On

FBR Capital maintains an 'Outperform/Top Pick' on Wyndham Worldwide (NYSE: WYN), PT $41.

FBR analyst says, "This week we hosted investor meetings with management of Wyndham Worldwide. While the overall theme of the free cash flow story (one of the key reasons why WYN is our Top Pick) is unchanged from recent earnings calls, we note some interesting nuggets from our conversations. Additionally, unlike with companies that missed initial RevPAR expectations in 1Q and those with higher Washington D.C. exposure (a soft market in 2Q and likely in 3Q), we did not get the sense from any investors that there was concern about WYN’s 2Q results coming in light."

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 $33.65 yesterday.

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