J.P. Morgan Maintains Overweight on Wyndham Worldwide

J.P. Morgan is out with its report today on Wyndham Worldwide WYN, maintaining Overweight. In its report, J.P. Morgan writes, "We reaffirm our Overweight rating on WYN and continue to like it for the following reasons: (1) its substantial valuation discount to its peers, (2) its (still) underappreciated and improving free cash flow generation, (3) its solid balance sheet, and (4) not a lot of execution risk and high level of resiliency within its hospitality business model." Shares of WYN closed Monday at $27.51, down 0.22% from Friday's close.