TD Cowen analyst Kevin Kopelman maintains $Marriott International (MAR.US)$ with a buy rating, and adjusts the target price from $265 to $283.
According to TipRanks data, the analyst has a success rate of 58.3% and a total average return of 7.2% 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 although there was a modest growth deceleration in RevPAR and fees, this was more than compensated for by the company's cost savings initiatives.
Marriott shares displayed a slight decline on Monday after the company reported a somewhat softer-than-expected performance in Q3 and reduced its guidance for Q4. Although, considering the prior reports from peers, the subdued response to the shortfall and revised outlook was not unexpected. Adjusted EBITDA expectations have been marginally increased due to reductions in SG&A expenses.
The ongoing concern with Marriott pertains to the discrepancy between fee growth and the expectations set by the algorithm, although this issue is now 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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