Fly News Breaks for March 5, 2019
Mar 5, 2019 | 07:42 EDT
Barclays analyst Anthony Powell raised his price target for Marriott International to $135 on a valuation roll forward to 2020 estimates. Marriott's Q4 results and forward guidance suggest that the "various idiosyncratic and temporary challenges" that were headwinds in 2018 should be less of an issue this year, Powell tells investors in a research note titled "A Cleaner Year of Growth Ahead." The analyst, however, keeps an Equal Weight rating on the shares.
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