Goldman Sachs Upgrades Wyndham Worldwide (WYN) to Buy

Goldman Sachs upgraded Wyndham Worldwide (NYSE: WYN) from Neutral to Buy with a price target of $55 (up from $45.50).

The firm sees more upside to core operating fundamentals then currently forecasted. Evidence of this should become apparent over the next few quarters both on the top
line and bottom line, they said.

While shares are up 50% over the last year, Goldman sees another leg to the story as they look to remainder of this year and 2013.

For an analyst ratings summary and ratings history on Wyndham Worldwide click here. For more ratings news on Wyndham Worldwide click here.

Shares of Wyndham Worldwide closed at $45.12 yesterday.

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