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.
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:
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