Hudson Raises PT on Wyndham Worldwide to $48 (WYN)

Hudson is out with its report on Wyndham Worldwide WYN, raising its PT from $38 to $48. In a note to clients, Hudson writes, "WYN remains a compelling value, especially given the timeshare valuation benchmark created by the recent P/E acquisition of Silverleaf. We reiterate our Buy rating and are taking the admittedly bold move of raising our price target to $48, 62% above yesterday's close and $10 higher than our last PT." At the time of posting, shares of WYN were trading at $29.61, down 0.24% from Wednesday's close.