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Fly News Breaks for March 23, 2018
WYN
Mar 23, 2018 | 07:14 EDT
Stifel analyst Simon Yarmak took a deep dive into Wyndham Worldwide's Form 10 for the previously announced spin-off of Wyndham Hotels & Resorts, which is expected in Q2. In a research note to investors, Yarmak, who has a Buy rating and $135 price target on shares, said shares have had a "good" run, with shares up 21.3% vs. the S&P since the spin was announced in August, and sees more room for shares to run. He sees upside heading into the spinoff.
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