On Nov 06, major Wall Street analysts update their ratings for $Marriott International (MAR.US)$, with price targets ranging from $264 to $283.
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, and adjusts the target price from $267 to $280.
Evercore analyst Duane Pfennigwerth maintains with a hold rating, and adjusts the target price from $270 to $275.
TD Cowen analyst Kevin Kopelman maintains with a buy rating, and adjusts the target price from $265 to $283.
Baird analyst Michael Bellisario maintains with a hold rating, and adjusts the target price from $245 to $264.
Furthermore, according to the comprehensive report, the opinions of $Marriott International (MAR.US)$'s main analysts recently are as follows:
Following the Q3 report, the company has experienced a slight deceleration in RevPAR and fee growth, which was more than compensated for by its cost savings initiatives.
Marriott shares exhibited a mild decline on Monday following a third-quarter performance that was somewhat below expectations, paired with a reduced forecast for the fourth quarter. This reaction is not unexpected in light of preceding peer reports. The tempered response to the earnings miss and the updated outlook is noted. Additionally, the anticipated increase in adjusted EBITDA is primarily due to reductions in selling, general, and administrative expenses.
Marriott's third-quarter earnings per share fell short, largely due to one-time costs, and forecasts for the fourth quarter appeared conservative. Nevertheless, the company presented cost-saving plans for 2025 that compensate for the anticipated lower fee growth and also reveal significant saving prospects for proprietors.
The ongoing concern with Marriott pertains to the disparity between fee growth and the expectations set by their predictive model, though this issue is now considered to be in the past.
The firm expressed a moderately more positive stance on Marriott's shares, citing an encouraging near-term fundamental outlook and growth drivers for the company.
Here are the latest investment ratings and price targets for $Marriott International (MAR.US)$ from 6 analysts:
Note:
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