Marriott International, Inc. (MAR) Price Target Raised

Analyst C. Patrick Scholes at FBR Capital Markets (NASDAQ: FBCM) has raised the price target for Marriott International, Inc. (NYSE: MAR) from $26 to $28. The price target has been raised after the company announced results for the fourth-quarter.

FBR Capital Markets has also raised the EPS estimates for the company. The EPS estimate for 2010 has been raised from $0.87 to $0.92, while the EPS estimate for 2011 has been raised from $1.10 to $1.15.

FBR is positive about the prospects for the lodging sector, however, it believes that Marriot International, Inc. is trading near its fair value, and therefore it is maintaining a Market Perform rating for the company.