UPDATE: Goldman Sachs Starts Marriott International (MAR) at Buy

September 26, 2016 7:01 AM EDT
Get Alerts MAR Hot Sheet
Price: $67.14 -0.39%

Rating Summary:
    20 Buy, 10 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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(Updated - September 26, 2016 9:00 AM EDT)

Goldman Sachs initiated coverage on Marriott International (NASDAQ: MAR) with a Buy rating and a price target of $81, implying upside of 18% pulse a 1.8% dividend yield. Analyst Stephen Grambling sees the company as the best positioned in lodging, with upside potential from the integration of Starwood.

"The combined Marriott/Starwood entity ranks at the top of our stock selection framework with attractive returns, growth and locations not fully reflected in valuation. Importantly, we believe the acquisition will give MAR more levers to drive growth against a decelerating backdrop, as synergies of $250mn appear achievable, revenue synergies exist from both RevPAR improvements and franchisee benefits, and expected asset sale proceeds of $1.5-$2bn could prove conservative," said Grambling.

For an analyst ratings summary and ratings history on Marriott International click here. For more ratings news on Marriott International click here.

Shares of Marriott International closed at $68.44 yesterday.

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