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Fly News Breaks for May 18, 2018
VAC, ILG
May 18, 2018 | 12:19 EDT
Credit Suisse analyst Cameron McKnight started Marriott Vacations (VAC) with an Outperform rating and $146 price target, stating in a note to investors sent earlier this morning that he likes the Timeshare industry, given macro tailwinds, industry consolidation, improved business practices and higher returns. Within the industry, he identified Marriott Vacations as his top pick, saying he thinks the market is underestimating its organic growth prospects and the potential synergies from the ILG (ILG) acquisition.
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