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Argus Research Maintains Marriott International(MAR.US) With Buy Rating, Raises Target Price to $300

Futu News ·  Nov 6 23:31  · Ratings

Argus Research analyst John Staszak maintains $Marriott International (MAR.US)$ with a buy rating, and adjusts the target price from $280 to $300.

According to TipRanks data, the analyst has a success rate of 59.2% and a total average return of 8.0% over the past year.

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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, which was more than compensated for by the implementation of its cost savings program.

  • Marriott shares showed a slight decline on Monday following a Q3 performance that did not meet expectations and a reduction in Q4 guidance. This tempered reaction was somewhat anticipated in light of similar reports from peers. The company's adjusted EBITDA expectations have seen a minor increase due to reductions in SG&A expenses.

  • Marriott's Q3 EPS fell short, largely due to one-time expenses, and the guidance for Q4 was not as strong. On the upside, the company has detailed cost-saving initiatives for 2025 that compensate for reduced fee growth projections and present significant saving opportunities for owners.

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.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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