Jefferies Cuts Price Target on Marriott (MAR), Maintains Buy
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Price: $356.72 +1.19%
Rating Summary:
19 Buy, 18 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 7
Rating Summary:
19 Buy, 18 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 7
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Jefferies maintained its Buy rating on Marriott International (NYSE: MAR) but cut its price target from $43 to $35.
The firm said, "We are maintaining our BUY rating on MAR as we believe it is among the more defensive names in lodging and we believe the shares were reflecting a bearish outlook prior to the market pull-back.
The spin-off of the timeshares business is a sound business strategy, the firm notes.
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 $28.13 yesterday.
The firm said, "We are maintaining our BUY rating on MAR as we believe it is among the more defensive names in lodging and we believe the shares were reflecting a bearish outlook prior to the market pull-back.
The spin-off of the timeshares business is a sound business strategy, the firm notes.
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 $28.13 yesterday.
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