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Fly News Breaks for March 22, 2017
MAR
Mar 22, 2017 | 08:30 EDT
JPMorgan analyst Joseph Greff raised his price target for Marriott International to $102 from $98 following yesterday's investor day. The company detailed a stronger than expected three year scenario, comprised of a 7%-10% adjusted annual EBITDA growth through 2019 and 17%-21% annual earnings growth, Greff tells investors in a research note. He views the outlook as encouraging and keeps an Overweight rating on the shares.
News For MAR From the Last 2 Days
MAR
Apr 19, 2024 | 05:15 EDT
Barclays raised the firm's price target on Marriott to $240 from $239 and keeps an Equal Weight rating on the shares as part of a Q1 lodging sector preview. The firm says the Easter shift dragged down March, making Q1 RevPAR beats less than likely. However, the analyst still expects more or less in-line EBITDA for the large caps.
