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Fly News Breaks for September 26, 2016
MAR
Sep 26, 2016 | 06:28 EDT
Morgan Stanley analyst Thomas Allen upgraded Marriott to Overweight and raised its price target to $78 from $73. The analyst cites strong unit growth resulting in EBITDA growth for the upgrade despite a lower US RevPAR outlook to +1% in 2017 from +2.4% and -1% in 2018 from +1.5% based on a unchanged macro view.
News For MAR 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.
