Market Overview

UPDATE: Cantor Fitzgerald Reiterates Buy Rating, Raises PT on Marriott International

Share:
Related MAR
Benzinga's Option Alert Recap From June 26
Hyatt Banks on Expansion & Miraval Acquisition, Risks Remain

In a report published Monday, Cantor Fitzgerald reiterated its Buy rating on Marriott International (NYSE: MAR), and raised its price target from $44.00 to $48.00.

Cantor Fitzgerald noted, “We are introducing 2014 estimates for Marriott International, increasing our price target to $48 from $44, and reiterating our BUY rating. We have also begun to value Marriott off 2014 estimates. Our new price target represents 23% upside potential. Moreover, between free cash flow and incremental (leverage-neutral) borrowings, we believe Marriott could have $2.5-3.0 billion in available cash over the next two years to return to shareholders via dividends and buybacks.”

Marriott International closed on Friday at $38.88.

Latest Ratings for MAR

DateFirmActionFromTo
Apr 2017GuggenheimInitiates Coverage OnNeutral
Feb 2017SunTrust Robinson HumphreyDowngradesBuyHold
Dec 2016MKM PartnersUpgradesNeutralBuy

View More Analyst Ratings for MAR
View the Latest Analyst Ratings

Posted-In: Cantor FitzgeraldAnalyst Color Price Target Analyst Ratings

 

Related Articles (MAR)

View Comments and Join the Discussion!