Nomura Securities Maintains a 'Buy' on Marriott International (MAR); Q4 Review
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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: 13 | Down: 14 | New: 11
Rating Summary:
19 Buy, 18 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Buy' on Marriott International (NYSE: MAR) price target of $43.00.
Analyst, Harry C. Curtis, said, "4Q included one month of timeshare results and costs related to the spin-off, making an apples-to-apples comparison difficult. IMFs were essentially flat in the 4Q, and up only 7% for the year. This trails the trend seen at Host (NYSE: HST), where management fees rose 7% in the 4Q, and 11% for the year. MAR’s updated 2012 guidance is better-than-expected. Management’s revised RevPAR range is 5%-7%, up from 3%-7%. We expected an increase to 4%-7%, and are forecasting 6.6% growth in 2012. Year-to-date, MAR has been one of the best performers in our group, up 19%, compared with the S&P 500’s increase of 6.8%; and we expect the outperformance to continue."
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 $34.73 yesterday.
Analyst, Harry C. Curtis, said, "4Q included one month of timeshare results and costs related to the spin-off, making an apples-to-apples comparison difficult. IMFs were essentially flat in the 4Q, and up only 7% for the year. This trails the trend seen at Host (NYSE: HST), where management fees rose 7% in the 4Q, and 11% for the year. MAR’s updated 2012 guidance is better-than-expected. Management’s revised RevPAR range is 5%-7%, up from 3%-7%. We expected an increase to 4%-7%, and are forecasting 6.6% growth in 2012. Year-to-date, MAR has been one of the best performers in our group, up 19%, compared with the S&P 500’s increase of 6.8%; and we expect the outperformance to continue."
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 $34.73 yesterday.
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