Stifel analyst Simon Yarmak said Wyndham's (WYN) Q1 earnings release was a headline beat and he viewed the incremental information as largely positive, stating that he sees the selloff since as being overdone and recommends buying the shares ahead of the spinoff. While the Marriott Vacations (VAC) and ILG (ILG) deal may have disappointed some investors with respect to synergies, the acquisition price should have a positive read-through to Wyndham, added Yarmak. He lowered his price target on Wyndham to $131 from $135 and keeps a Buy rating on the shares.