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Cantor Fitzgerald Starts Marriott Vacations Worldwide (VAC) at Buy; Considering A Timeshare

April 10, 2012 6:12 PM EDT Send to a Friend
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Price: $59.67 +0.13%

Rating Summary:
    3 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 9 | New: 11
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Cantor Fitzgerald initiates coverage on Marriott Vacations Worldwide (NYSE: VAC) with a Buy. PT $38.00.

Analyst, Robert LaFleur, said, "Marriott Vacations in the only publicly-traded, pure-play timeshare company. While the stock is up almost 60% since its November 2011 spin-out from Marriott International, we still believe meaningful upside remains....Three Attractive Businesses: Marriott Vacations' core businesses involve developing and selling timeshare products, financing consumers' purchase of timeshare products, and managing timeshare resorts. While the company's high-end Ritz-Carlton branded product was hard-hit by the downturn, demand for the core Marriott-branded timeshare product held up better than expected and is staging a nice rebound in the broader recovery."

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

Shares of Marriott Vacations Worldwide closed at $28.72 yesterday.

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