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Citigroup Sees Marriott International Benefiting From U.S. Growth, Hikes Price Target


Michael Bilerman of Citigroup on Monday maintained a Buy rating on Marriott International Inc (NASDAQ: MAR) with a price target raised to $88 from a previous $76. As U.S. growth in the hotel space will outpace international markets.

Marriott International will benefit from a 4 percent to 6 percent gross unit growth, contributing to an EBITDA growth of 13 percent to 15 percent through 2016 which will drive 20 percent-plus earnings per share growth, according to Bilerman.

The analyst also adds that Marriott International will benefit from improving convention trends and industry wide supply/demand dynamics, especially among the upscale and upper midscale segments.

Bilerman notes that shares of Marriott International are expended to be range-bound in early 2015, but will appreciate over time as investors recognize shares deserve to trade higher, reflecting 2016 valuations.

Latest Ratings for MAR

May 2019MaintainsNeutral
Apr 2019MaintainsMarket PerformMarket Perform
Apr 2019DowngradesOutperformIn-Line

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Posted-In: Citigroup hotels Michael BilermanAnalyst Color Price Target Analyst Ratings


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