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Fly News Breaks for August 30, 2019
WYND
Aug 30, 2019 | 08:53 EDT
In a research note titled "The Battle of Fact vs. Fiction," Jefferies analyst David Katz says his meeting with Wyndham Destinations management addressed and reinforced several key aspects, which he expects should push the stock higher over time. First, the company's capital allocation is likely to be more return-focused and consistent, Katz tells investors. Second, he believes the improvements in the business model position Wyndham better to manage a recession. The risk and valuation "dichotomy between the equity and credit markets continues to suggest upside," contends the analyst. He keeps a Buy rating on the shares with a $62 price target.
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