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MAR

Marriott

$125.14

-4.16 (-3.22%)

10:19
08/07/18
08/07
10:19
08/07/18
10:19

Marriott CEO sees transient RevPAR growing faster than group in near-term

CEO Arne Sorenson said on Marriott's Q2 earnings conference call that the company expects transient RevPAR will grow faster than group in the near-term. Sees 2H North America RevPAR up 1.5%-2%. He said that topline forecast for North America is is "steady as she goes." Sees 2H RevPAR Asia Pacific up at HSD rate, but "a bit more modestly" than 1H. He sees Europe RevPAR up at MSD rate in 2H. Sorenson said Marriott has "never been better positioned." Marriott will unify its loyalty programs on August 18, Sorenson added. Marriott is down 2.4% in morning trading to $126.24.

  • 07

    Aug

MAR Marriott
$125.14

-4.16 (-3.22%)

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.
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
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
MSCO
Equal Weight
Marriott downgraded to Equal Weight from Overweight at Morgan Stanley

TODAY'S FREE FLY STORIES

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AQST

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DAKT

Daktronics

$7.67

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TI

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MAXR

Maxar Technologies

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-0.59 (-3.05%)

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PLUG

Plug Power

$1.83

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GSB

GlobalSCAPE

$4.55

-0.02 (-0.44%)

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EQIX

Equinix

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LMT

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TLGT

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STAF

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IMMR

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ATNX

Athenex

$11.95

0.74 (6.60%)

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TSRO

Tesaro

$34.96

8.39 (31.58%)

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EEI

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AEE

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EQS

Equus II Inc

$1.86

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VAPO

Vapotherm

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COTY

Coty

$9.09

0.39 (4.48%)

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  • 03

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NVS

Novartis

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  • 02

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VIAB

Viacom

$33.00

1.13 (3.55%)

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