Market Overview

UPDATE: ISI Group Upgrades Marriott International to Buy; Sell-Off in Shares Overdone

Share:
Related MAR
Cycle In Lodging 'Appears To Be Over'; BofA Downgrades 4 Stocks, Lowers Targets On 6
Canaccord Makes Valuation Call On Starwood Hotels, Downgrades To Hold
The Vetr community has upgraded $MAR to 4.5-Stars. (Vetr)

ISI Group initiated its coverage on Marriott International (NYSE: MAR) from Hold to Buy but reduced its price target from $43 to $41.

ISI Group commented, "We are upgrading Marriott (MAR) to Buy from Hold, with our revised 12-month PT of $41 (-$2) implying a 17% total return. … Against the backdrop of 2% GDP growth, moderate employment growth (100k jobs/month next 6 months) and no new supply, we believe the US lodging recovery will remain on track beyond '13. For MAR, we are forecasting 7%+ US RevPAR growth in 2H, and +6.5% in '13, with ADR growth up over 4.5%."

Marriott International closed at $35.58 on Thursday.

Latest Ratings for MAR

DateFirmActionFromTo
Apr 2016Raymond JamesDowngradesOutperformMarket Perform
Mar 2016Canaccord GenuityMaintainsBuy
Feb 2016BarclaysMaintainsEqual-weight

View More Analyst Ratings for MAR
View the Latest Analyst Ratings

Posted-In: Analyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (MAR)

View Comments and Join the Discussion!