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Fly News Breaks for January 19, 2017
MAR
Jan 19, 2017 | 07:13 EDT
As previously reported, Goldman added Marriott to the Conviction Buy List and raised its price target to $102 from $88.. Analyst Stephen Grambling said Marriott is best positioned with in his lodging framework with M&A upside. He expects Marriott to benefit from a rebound in corporate profits and travel, synergies from the Starwood acquisition, upside from a consolidated loyalty program and expected credit card partner program renegotiations, a robust pipeline of new hotels, and undemanding valuation.
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