Evercore analyst Duane Pfennigwerth maintains $Marriott International (MAR.US)$ with a hold rating, and adjusts the target price from $270 to $275.
According to TipRanks data, the analyst has a success rate of 47.0% and a total average return of 0.0% over the past year.
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 noted that the modest growth in revenue per available room (RevPAR) and the deceleration of fee growth were largely counterbalanced by the effectiveness of the company's cost-saving initiatives.
Marriott shares experienced a slight decline on Monday following a somewhat softer than anticipated Q3 performance and a reduction in Q4 forecasts. This subdued response to the earnings miss and downwardly revised outlook was expected in light of preceding peer reports. The adjustments to the expected EBITDA are attributed to reduced SG&A expenses.
The ongoing issue with Marriott pertains to the disparity between fee growth and the expectations set by predictive models, yet this concern is considered to be in the past.
Note:
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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.
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