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Jefferies initiated coverage on Marriott International (NYSE: MAR) with a Hold rating and a $34 price target.

Jefferies commented, "Marriott's domestic prowess is attractive, as is its asset-light model. We forecast recurring double-digit earnings growth, despite limited exposure to faster-growing Emerging Markets. However, we think Marriott is fairly valued for what is a more defensive, US-centric operator. Hence, we initiate with a Hold recommendation."

Marriott International closed at $24.43 on Friday.

Latest Ratings for MAR

DateFirmActionFromTo
Sep 2014FBR CapitalMaintainsOutperform
Sep 2014JP MorganMaintainsOverweight
Jul 2014BarclaysMaintainsOverweight

View More Analyst Ratings for MAR
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Posted-In: JefferiesInitiation Pre-Market Outlook Analyst Ratings

 

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