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Fly News Breaks for August 8, 2017
MAR
Aug 8, 2017 | 06:38 EDT
Citi analyst Smedes Rose says Marriott International's core trends in Q2 were modestly ahead of expectations while its outlook is largely unchanged through the balance of the year. The analyst believes this could drive near-term weakness in shares. Marriott has "numerous levers to outsized earnings growth" going forward and the stock should be bought opportunistically on pullbacks, Rose writes in a post-earnings research note. The analyst keeps a Buy rating on Marriott shares with a $120 price target.
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.
