JPMorgan analyst Brandt Montour upgraded Marriott Vacations to Overweight from Neutral, with a $118 price target. The analyst believes the New York Post article about Apollo Global (APO) looking to either take Hilton Grand Vacations (HGV) private or merge with its Diamond Resorts as credible, and sees the $36 potential takeout price cited by the publication as credible. The implied valuation ultimately makes Marriott Vacations look too cheap to ignore, he contends, adding that he sees it as the best positioned of the three public timeshare companies in terms of fundamentals, given its self-help levers for value creation, and its flexible points-based sales model supporting relatively smoother sales growth compared to peer Hilton Grand Vacations.

Comcast (CMCSA) is scheduled to announce quarterly results on April 25, while Paramount (PARA) and Warner Bros. Discovery (WBD) are... To see the rest of the story go to thefly.com. See Story Here