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MAR

Marriott

$129.30

1.1 (0.86%)

06:48
08/07/18
08/07
06:48
08/07/18
06:48

Marriott sees FY18 comparable systemwide RevPAR up 3%-4%

Sees Q3 and Q4 worldwide comparable systemwide RevPAR up 2.5%-3%. Sees FY18 worldwide comparable systemwide RevPAR up 3%-4%. Sees Q3 North America RevPAR up 1.5%-2%, Asia Pacific up HSD, Caribbean & Latin America, Europe and Middle East & Africa up MSD and International up 5%-6%. Sees Q4 North America RevPAR up 1.5%-2%, Asia Pacific up HSD, Caribbean & Latin America up LSD, Europe up MSD, Middle East & Africa flat to modestly lower, International up 5%-6%. For FY18, sees North America RevPAR up 2%-3%, Asia Pacific up HSD, Caribbean & Latin America up MSD, Europe up MSD, Middle East & Africa "flattish" and International up 5%-6%. Sees Q3 gross fee revenues $915M-$935M, adjusted EBITDA $845M-$870M. Sees Q4 gross fee revenues $929M-$944M, adjusted EBITDA $896M-$916M. Sees FY18 gross fee revenues $3.64B-$3.675B. For FY18, sees $800M-$900M in investment spending, including $225M for maintenance capital and $255M for Sheraton Grand Phoenix. Sees more than $3.1B return to shareholders in 2018. Outlook assumes no further asset sales. Comments from slides that will be presented on the Q2 earnings conference call.

  • 07

    Aug

MAR Marriott
$129.30

1.1 (0.86%)

07/24/18
MSCO
07/24/18
DOWNGRADE
MSCO
Equal Weight
Marriott downgraded to Equal Weight from Overweight at Morgan Stanley
07/24/18
07/24/18
UPGRADE

Overweight
Morgan Stanley upgrades Gaming and Leisure to Overweight in defensive shift
As previously reported, Morgan Stanley analyst Thomas Allen upgraded Gaming and Leisure Properties (GLPI) to Overweight from Equal Weight as he joins the firm in recommending that investors turn more defensive. He is more bullish on the Gaming REITs, given their attractive, dependable yields, and has become more cautious on Lodging, he tells investors. The analyst raised his price target on Gaming and Leisure shares to $41 from $37, on MGM Growth (MGP) to $32 from $29, and on VICI Properties (VICI) to $23 from $22. As part of his defensive shift in positioning, Allen also downgraded Marriott (MAR).
07/24/18
MSCO
07/24/18
DOWNGRADE
Target $143
MSCO
Equal Weight
Marriott downgraded to Equal Weight in defensive shift at Morgan Stanley
As previously reported, Morgan Stanley analyst Thomas Allen downgraded Marriott to Equal Weight from Overweight as he joins the firm in recommending that investors turn more defensive. He is more bullish on the Gaming REITs, given their attractive, dependable yields, and has become more cautious on Lodging, he tells investors. Allen, who is concerned by both macro and Lodging data that suggests the latest "mini-cycle" may have just peaked, lowered his price target on Marriott shares to $143 from $150.
07/24/18
07/24/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Whirlpool (WHR) downgraded to Neutral from Buy at Longbow with analyst David MacGregor calling its quarter "disappointing across most dimensions of the business." 2. Gogo (GOGO) downgraded to Market Perform from Outperform at Raymond James with analyst Ric Prentiss saying he expects several more quarters of "turbulence" given potential dilution/rollover risks from 2020 bond convertible bond maturities, churn pressures, continued negative free cash flow, and the airline industry shift to directed pricing. 3. Marriott (MAR) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Thomas Allen saying he is more bullish on the Gaming REITs, given their attractive, dependable yields, and has become more cautious on Lodging, he tells investors. 4. Infinera (INFN) downgraded to Underperform from Market Perform at Raymond James. 5. Hasbro (HAS) downgraded to Neutral from Buy at Monness Crespi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

IO

ION Geophysical

$16.65

0.05 (0.30%)

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CTX

Centex

$25.26

1.92 (8.23%)

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Breaking Hot Stocks news story on Centex 

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PAY

Verifone

$23.04

(0.00%)

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Breaking Hot Stocks news story on Verifone 

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CTU

Chad Therapeutics, Inc.

$25.26

1.925 (8.25%)

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PCG

PG&E

$44.80

-0.44 (-0.97%)

, EIX

Edison International

$69.24

-0.62 (-0.89%)

15:56
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Periodicals
California plan could let PG&E issue bonds to cover fire damages, Bloomberg says »

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PCG

PG&E

$44.80

-0.44 (-0.97%)

EIX

Edison International

$69.24

-0.62 (-0.89%)

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  • 25

    Sep

BPY

Brookfield Property

$19.90

-0.19 (-0.95%)

15:55
08/20/18
08/20
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15:55
Options
Brookfield Property put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 21

    Aug

VERI

Veritone

$11.25

-0.16 (-1.40%)

15:55
08/20/18
08/20
15:55
08/20/18
15:55
Conference/Events
Veritone to hold a conference call »

Management discusses the…

03/08/13
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  • 20

    Aug

CBS

CBS

$53.67

0.45 (0.85%)

15:46
08/20/18
08/20
15:46
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15:46
Periodicals
Court revives copyright suit against CBS over pre-1972 recordings, Reuters says »

CBS is facing a lawsuit…

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  • 06

    Sep

  • 27

    Sep

TSLA

Tesla

$304.35

-0.98 (-0.32%)

15:42
08/20/18
08/20
15:42
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15:42
Periodicals
Some Tesla suppliers worry about getting paid, WSJ reports »

Some Tesla suppliers have…

03/08/13
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  • 29

    Oct

FIT

Fitbit

$6.02

0.315 (5.52%)

15:37
08/20/18
08/20
15:37
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15:37
Hot Stocks
Fitbit announces Fitbit Charge 3 »

Earlier today, Fitbit…

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  • 12

    Sep

NDSN

Nordson

$134.72

-0.07 (-0.05%)

15:34
08/20/18
08/20
15:34
08/20/18
15:34
Options
Nordson options imply 7.8% move in share price post-earnings, below median historical move »

Pre-earnings options…

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  • 21

    Aug

GOOG

Alphabet

$1,207.00

7.21 (0.60%)

, GOOGL

Alphabet Class A

$1,222.10

6.6 (0.54%)

15:31
08/20/18
08/20
15:31
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Periodicals
Google, IMAX VR project quietly canceled, Variety reports »

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GOOG

Alphabet

$1,207.00

7.21 (0.60%)

GOOGL

Alphabet Class A

$1,222.10

6.6 (0.54%)

IMAX

Imax

$22.80

0.4 (1.79%)

03/08/13
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03/06/13
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  • 21

    Aug

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    Aug

  • 06

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    Sep

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    Sep

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    Oct

STAA

STAAR Surgical

$42.05

1.1 (2.69%)

15:24
08/20/18
08/20
15:24
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15:24
Conference/Events
STAAR Surgical management to meet with William Blair »

Meeting to be held in Los…

03/08/13
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  • 20

    Aug

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    Aug

SRI

Stoneridge

$32.61

0.39 (1.21%)

15:23
08/20/18
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Hot Stocks
Stoneridge appoints Laurent Borne as Chief Technology Officer »

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  • 18

    Sep

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  • 06

    Nov

DVA

DaVita

$72.44

-0.05 (-0.07%)

15:22
08/20/18
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Conference/Events
DaVita management to meet with William Blair »

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  • 22

    Aug

ALTR

Altair

$40.63

0.4 (0.99%)

15:20
08/20/18
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15:20
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Conference/Events
Altair management to meet with William Blair »

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  • 21

    Aug

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    Sep

CBOE

Cboe Global Markets

$98.72

2.96 (3.09%)

15:20
08/20/18
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Options
Sweep buyer of CBOE calls »

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FANH

Fanhua

$25.76

0.53 (2.10%)

15:19
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Options
Fanhua options imply 7.4% move in share price post-earnings, above median historical move »

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  • 20

    Aug

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
08/20/18
08/20
15:17
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15:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
08/20/18
08/20
15:16
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15:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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XRAY

Dentsply Sirona

$38.84

0.17 (0.44%)

15:12
08/20/18
08/20
15:12
08/20/18
15:12
Conference/Events
Dentsply Sirona management to meet with William Blair »

Meeting to be held in…

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  • 21

    Aug

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  • 06

    Nov

STZ

Constellation Brands, also tag STZ.B

$202.74

-1.16 (-0.57%)

15:11
08/20/18
08/20
15:11
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15:11
Options
Repeat call spreads in Constellation Brands »

Repeat call spreads in…

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  • 28

    Oct

LCI

Lannett

$5.43

-8.075 (-59.81%)

, AMRX

Amneal Pharmaceuticals

$23.86

2.33 (10.82%)

15:08
08/20/18
08/20
15:08
08/20/18
15:08
Recommendations
Lannett, Amneal Pharmaceuticals analyst commentary  »

Lannett price target…

LCI

Lannett

$5.43

-8.075 (-59.81%)

AMRX

Amneal Pharmaceuticals

$23.86

2.33 (10.82%)

03/08/13
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  • 20

    Aug

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    Aug

  • 05

    Sep

  • 12

    Sep

15:05
08/20/18
08/20
15:05
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15:05
General news
Treasury Closing Summary: »

Treasury Closing Summary:…

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