Goldman Sachs Upgrades Marriott International (MAR) to Buy
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Price: $356.39 -0.06%
Rating Summary:
19 Buy, 18 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
19 Buy, 18 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs upgraded Marriott International (NYSE: MAR) from Neutral to Buy with a price target of $38 (up from $32).
In addition to benefiting from low supply growth and improving demand in lodging, Marriott "fits our consumer discretionary focus on stocks that are improving returns and returning a higher percentage of their capital to shareholders rather than focusing purely on growth," the firm said.
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 $32.70 yesterday.
In addition to benefiting from low supply growth and improving demand in lodging, Marriott "fits our consumer discretionary focus on stocks that are improving returns and returning a higher percentage of their capital to shareholders rather than focusing purely on growth," the firm said.
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 $32.70 yesterday.
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