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Fly News Breaks for July 20, 2018
VAC, ILG
Jul 20, 2018 | 08:45 EDT
Jefferies analyst David Katz believes Marriott Vacations' (VAC) announcements yesterday, including a fraudulent breach and litigation settlement, provide a "cleaner earnings landscape going forward" into the closing of the ILG (ILG) acquisition. The analyst says his fundamental outlook and stock view are unchanged by the adjustments. He reiterates a positive stance on Marriott Vacations with a Buy rating and $150 price target.
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