UPDATE: ISI Raises Marriott's PT

According to a research report published this morning, ISI has increased Marriott's MAR PT from $36 to $40. In the report, ISI said, “We have updated our MAR model, and are raising our 2012 and 2013 EPS estimates by 6% and 5%, respectively. Our new 2012 EPS and EBITDA are $1.67 (from $1.58) and $1.16bn (from $1.095bn), respectively. The new figures for 2013 are $2.06 (from $1.96) and $1.37bn (from $1.28bn).” ISI maintains its Hold rating on Marriott, which is currently trading at $39.20.
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