Jefferies Maintains Buy on Marriott International - Marriott Intl (NASDAQ:MAR)

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Jefferies is out with its report today on Marriott International (NYSE: MAR), maintaining Buy.In its report, Jefferies writes, "We believe 2012 guidance is in line with recently reduced expectations and should be viewed as a confirmation that demand trends remain solid thus far despite macro uncertainty. Longer term, we believe investors could be overlooking the upside of the timeshare spin and MAR's accelerating fee growth in the out years despite moderate RevPAR growth."Jefferies maintains a $35 PT on MAR.Shares of MAR closed Thursday at $28.78, up 2.13% from Wednesday's close.

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