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Fly News Breaks for April 1, 2016
HOT, MAR
Apr 1, 2016 | 08:22 EDT
JPMorgan analyst Joseph Greff says he can't help but think that Marriott's (MAR) shareholder vote on the proposed acquisition of Starwood (HOT) is uncertain as some may feel the higher offer price "was almost unnecessary" after the consortium led by Anbang Insurance walked away.
News For MAR;HOT From the Last 2 Days
MAR
Apr 23, 2024 | 06:37 EDT
Mizuho lowered the firm's price target on Marriott to $260 from $263 and keeps a Neutral rating on the shares. The analyst cites a more conservative view on RevPAR ahead of the Q1 report for the target drop. RevPAR trends have been slightly weaker than previously modeled, primarily in the United States, the analyst tells investors in a research note.
