On Nov 05, major Wall Street analysts update their ratings for $Marriott International (MAR.US)$, with price targets ranging from $262 to $290.
Morgan Stanley analyst Stephen Grambling maintains with a buy rating, and adjusts the target price from $261 to $267.
Goldman Sachs analyst Lizzie Dove maintains with a buy rating.
Deutsche Bank analyst Carlo Santarelli maintains with a hold rating.
Wells Fargo analyst Daniel Politzer maintains with a hold rating, and adjusts the target price from $238 to $262.
TD Cowen analyst Kevin Kopelman maintains with a buy rating, and adjusts the target price from $265 to $283.
Furthermore, according to the comprehensive report, the opinions of $Marriott International (MAR.US)$'s main analysts recently are as follows:
Following the Q3 report, it was observed that the company experienced a modest deceleration in RevPAR and fee growth. This slowdown was largely counterbalanced by the implementation of a cost savings program.
Marriott's shares experienced a slight dip on Monday, attributed to a Q3 performance that didn't quite meet expectations and a subsequent reduction in Q4 forecasts. However, this was somewhat anticipated following reports from peers, resulting in a relatively subdued market response to the financial updates. Adjusted EBITDA expectations have been slightly raised in relation to reductions in Selling, General & Administrative (SG&A) expenses.
The ongoing issue with Marriott has been the discrepancy between the growth of fees and the expectations set by the algorithm. This concern, however, is now considered to be a thing of the past.
The firm expressed a gradually more favorable perspective on the company's shares, alongside optimism regarding the company's short-term fundamental prospects and growth catalysts.
The company's Q3 earnings and EBITDA fell short, largely due to one-time expenditures, and the guidance for Q4 appeared tempered, impacted by various factors. It is noted that despite a varied broader RevPAR environment, the company's performance is 'relatively steady' with group bookings performing well whereas leisure bookings are not as strong, a trend that is anticipated to continue into 2025. The current stock valuation is perceived as reasonable.
Here are the latest investment ratings and price targets for $Marriott International (MAR.US)$ from 10 analysts:
Note:
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