Market Overview

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

Share:
Related MAR
Watch These 8 Huge Call Purchases In Tuesday Trade
Benzinga's Option Alert Recap From June 26

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

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!