Market Overview

UPDATE: Cantor Fitzgerald Initiates Buy, $41 PT on Marriott International

Cantor Fitzgerald initiates its coverage on Marriott International (NYSE: MAR) with a Buy rating and a price target of $41 to reflect the company's pure-play leverage on the lodging recovery.

Cantor Fitzgerald notes, "After spinning out timeshare, Marriott is a pure-play management and franchise company that will benefit from a multi-year recovery in lodging fundamentals. Without timeshare, its business is easier to understand, generates higher margins, is more capital efficient, and produces higher returns."

MAR closed at $35.28 a share yesterday.

Posted-In: Cantor FitzgeraldAnalyst Color Price Target Initiation Intraday Update Analyst Ratings

 

Most Popular

Related Articles (MAR)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters