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MAR Beats Q4 Expectations, 2010 Outlook Improves

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Analyst Bryan Maher of Collins Stewart maintains his "hold" rating on Marriott International Inc (NYSE: MAR), while raising his estimates for the company. The target price for MAR has been raised from $24 to $28.

According to Collins Stewart, Marriott International reported its Q4 results significantly ahead of the estimates, driven by strength in its international businesses. “We anticipate sustainable margin improvement once room rates stabilize and begin to improve - likely 2H10,” the analyst says. MAR’s 2010 outlook has improved, the analyst adds.

“Marriott reinstated its cash dividend last week… The Company will pay a $0.04/sh cash dividend to shareholders in April of this year,” the analyst mentions. MAR does not plan to undertake any share repurchases in 2010.

More Analyst Ratings here

 

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