Nomura Securities Maintains a 'Buy' on Marriott International (MAR); Q1 Review: RevPAR Outlook Better Than Expected

Nomura Securities maintains a 'Buy' on Marriott International (NYSE: MAR) price target of $43.00.

Analyst, Harry Curtis, said, "EPS of $0.30 in line with our estimate, beat Street by $0.01. Based on strengthening group demand, MAR increased its RevPAR outlook by 100bps, to +6-8%. The high end of the range is about 100 above buy-side expectations and about 175bps ahead of the sell-side. 2012E EBITDA guidance increases to $1,105m-$1,160m from $1,090m- $1,150m, and EPS range to $1.58-$1.69 from $1.52-$1.64, vs. our EBITDA and EPS estimates of $1,076m and $1.70. For 2Q, MAR expects RevPAR of 6-8% and EPS of $0.39-$0.43; we are published at $0.43."

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 $37.83 yesterday.

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