WYND - CFRA turns more bullish on Wyndham Destinations as business stabilizes

CFRA Research lifts Wyndham Destinations ([[WYND]] +2.1%) to a to Strong Buy rating, saying the company's pre-announcement of select Q4 operating metrics for its core vacation ownership should ease concerns over cancellations.Analyst Tuna Amobi notes WYND reaffirmed its outlook for a return of leisure travel in 2021 and noted continued strong  advance bookings for this summer and beyond."We see further upside on the relatively small but positively realigned vacation exchange/membership business (newly rebranded as Panorama), after WYND's integration of a recently acquired travel technology platform (Alliance Reservation Network). Meanwhile, after shoring up its liquidity amid the pandemic, WYND recently reaffirmed its dividend policy (2.5% yield)."CFRA increases its 12-month price target on Wyndham to $55 from $34. The average Wall Street PT on Wyndham is $50.67.

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CFRA turns more bullish on Wyndham Destinations as business stabilizes