Deutsche Bank Downgrades Wyndham Worldwide (WYN) to Hold on Valuation

Deutsche Bank downgraded Wyndham Worldwide (NYSE: WYN) from Buy to Hold with a price target of $57.00 (from $55.00).

The firm comments, "Despite a solid quarter which left the bull case thesis on the stock largely unchanged, we are downgrading shares of WYN to Hold from Buy. Our downgrade is solely predicated on our view that: 1) shares have had an elongated run and we see current valuation into staunch growth expectations as being fair, 2) the potential for moderating free cash flow exists, 3) margins appear to be harnessed, and 4) the risk reward has become more balanced."

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 $52.29 yesterday.

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