Jefferies Starts Wyndham Worldwide (WYN) at Buy

Jefferies initiates coverage on Wyndham Worldwide (NYSE: WYN) with a Buy rating and $49 price target.

The firm comments, "We believe WYN is a significantly undervalued stock in a market environment where valuation bears little relevance. However, we believe these conditions should change over time, with WYN being a primary beneficiary. We expect the market view of timeshare to become more positive and the top line stable growth, cash generation and equity accretion should result in a more appropriately valued share price."

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 $33.45 yesterday.

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