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Fly News Breaks for April 24, 2019
MAR
Apr 24, 2019 | 08:53 EDT
As previously reported, Evercore ISI analyst Rich Hightower downgraded Marriott to In Line from Outperform primarily on valuation. Approaching Q1 earnings season, the analyst finds himself "incrementally negative" on hotel stocks overall - and even more so with respect to the C-Corps than the REITs - given the sector's substantial recent outperformance against the relevant benchmarks, coupled with no obvious shift in fundamentals over the last 60-90 days.
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.
