Evercore analyst Duane Pfennigwerth maintains $Marriott International (MAR.US)$ with a hold rating, and adjusts the target price from $245 to $270.
According to TipRanks data, the analyst has a success rate of 46.6% and a total average return of -0.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Marriott International (MAR.US)$'s main analysts recently are as follows:
Expectations are set for third-quarter results to align with forecasted ranges for corporations in the Lodging sector, despite September data finalization indicating that reaching the upper end of these forecasts might be challenging for certain entities. The overall U.S. revenue per available room (RevPAR) saw a year-over-year increase, and excluding China, this continues to act as a positive influence on the sector. It is also noted that the company's performance is trending above market consensus and is in line with projected ranges.
The firm is modifying its projections for its coverage on companies with asset-light lodging brands, noting minor adjustments to Q3 forecasts. A somewhat softer Q3 domestic RevPAR is balanced by stronger performance in Europe and Asia Pacific excluding China. For Q4, the firm adopts a more cautious stance due to a less favorable calendar, transient disruptions at certain major assets, and slower growth in China.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
