Jefferies Starts Marriott International (MAR) at Hold; Stock Fairly Valued
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Price: $43.73 +1.25%
Rating Summary:
15 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
15 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade MAR Now!
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, with a 52 week range of $27.53-$41.84.
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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, with a 52 week range of $27.53-$41.84.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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