Market Overview

UPDATE: Jefferies Initiates Marriott International at Hold; Valuation is Fair

Share:
Related MAR
Vetr Crowd Unanimously Bullish On Marriott, Upgrades To Strong Buy
Goldman Sachs Checks Out Of La Quinta Holdings
REIT Rankings: Hotels (Seeking Alpha)

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 2016Morgan StanleyUpgradesEqual-weightOverweight
Sep 2016Goldman SachsInitiates Coverage onBuy
Sep 2016BarclaysMaintainsEqual-weight

View More Analyst Ratings for MAR
View the Latest Analyst Ratings

Posted-In: JefferiesInitiation Pre-Market Outlook Analyst Ratings

 

Related Articles (MAR)

View Comments and Join the Discussion!