Loyalty Leader Wyndham Rewards Unveils Industry-Defining Expansion; Redeem Free Nights at 25,000 Hotels, Condos and Homes Globally

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Nomura Securities Cuts Price Target on Wyndham Worldwide (WYN) to $69

October 27, 2016 7:54 AM EDT

Nomura Securities maintained a Neutral rating on Wyndham Worldwide (NYSE: WYN), and cut the price target to $69.00 (from $75.00) as headwinds persist. Nomura expects headwinds related to defaults and lower VPG in WYNs timeshare business to negatively affect EBITDA and investor sentiment in 2017.

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