Nomura Securities Maintains a 'Buy' on Marriott International (MAR); Q2 Preview
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Price: $356.72 --0%
Rating Summary:
19 Buy, 18 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 12
Rating Summary:
19 Buy, 18 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 12
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Nomura Securities maintains a 'Buy' on Marriott International (NYSE: MAR), PT $51.
Nomura analyst, Harry Curtis, "We expect 2Q EPS of $0.38, $0.01 above the street. Following 1Q underperformance, 2Q execution is key. But, investors should remember that MAR lags its peers early in a recovery, owing to its skew toward group business, and outperforms later on. Positive commentary on 2H11 and 2012 is more important than 2Q results. Visibility is low for 2012, but early indications support our +7% RevPAR expectation, which may be conservative if group demand returns faster than expected. At 9.7x 2012E EBITDA, MAR is trading 27% below its long-term average multiple."
For more ratings news on Marriott International click here and for the rating history of Marriott International click here.
Shares of Marriott International closed at $37.17 yesterday.
Nomura analyst, Harry Curtis, "We expect 2Q EPS of $0.38, $0.01 above the street. Following 1Q underperformance, 2Q execution is key. But, investors should remember that MAR lags its peers early in a recovery, owing to its skew toward group business, and outperforms later on. Positive commentary on 2H11 and 2012 is more important than 2Q results. Visibility is low for 2012, but early indications support our +7% RevPAR expectation, which may be conservative if group demand returns faster than expected. At 9.7x 2012E EBITDA, MAR is trading 27% below its long-term average multiple."
For more ratings news on Marriott International click here and for the rating history of Marriott International click here.
Shares of Marriott International closed at $37.17 yesterday.
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