Marriott Vacations Worldwide (VAC) PT Lowered to $60 at Jefferies

Jefferies analyst David Katz lowered the price target on Marriott Vacations Worldwide (NYSE: VAC) to $60.00 (from $85.00) while maintaining a Hold rating.

The analyst comments "We adjust our estimates to include our updated view on incremental pressure on VPG growth and loan loss provision due to our expectation of leisure demand deceleration and lower macro visibility, which could impact VAC. With the forthcoming quarter, we expect mgmt to discuss recent trends in VO business, delinquency, and financing propensity, and provide an important marker for the 2025 outlook. Reiterate Hold."

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