Jefferies Starts Marriott International (MAR) at Hold; Stock Fairly Valued

November 19, 2012 6:57 AM EST
Get Alerts MAR Hot Sheet
Price: $66.24 +1.04%

Rating Summary:
    17 Buy, 13 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 5 | Down: 17 | New: 11
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Jefferies initiates coverage on Marriott International (NYSE: MAR) with a Hold. PT $34.00.

The firm comments, "Marriott's domestic prowess is attractive, as is its asset-light model. We forecast recurring double-digit earnings growth, despite limited exposure to faster-growing Emerging Markets. However, we think Marriott is fairly valued for what is a more defensive, US-centric operator. Hence, we initiate with a Hold recommendation."

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 $34.43 yesterday.

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