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Fly News Breaks for September 11, 2019
MAR
Sep 11, 2019 | 07:43 EDT
As previously reported, Bernstein analyst Richard Clarke started coverage of Marriott with an Outperform rating and $136 price target. The analyst believes asset-light hotel model is a "fantastic business model," enabling fast growth, high returns and high cash generation. A recent valuation pullback and "misdiagnosed" cyclical fears provide a rare attractive entry point, he contends.
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