Goldman Sachs Adds Marriott International (MAR) to Conviction Buy List

Goldman Sachs upgraded Marriott International (NYSE: MAR) to Conviction Buy with a price target of $42 (up from $41).

The firm cited positive industry environment and low supply/growing demand which they said can continue for an extended period. Goldman sees several more years in this cycle as employment and corporate profits and limited supply growth in developed market maintained the positive trends. Marriott is the firm's favorite way to invest in this theme.

Goldman raised FY13 EPS from $2.00 to $2.04 and FY14 from $2.39 to $2.50.

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 $34.30 yesterday.

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