Deutsche Bank Resumes Coverage on Marriott International (MAR) at Hold; Favorable Near-Term, But Valuation Fair

Deutsche Bank resumes coverage on Marriott International (NYSE: MAR) with a Hold. PT $44.00.

Deutsche analyst said, "At current levels, we believe the easy comparisons for MAR and favorable near and longer term demand-supply dynamics in the lodging industry are largely priced in. From here, we believe much of the story will depend on MAR’s ability to outpace industry RevPAR benchmarks and its use of free cash flow to garner incremental investor support. While we believe the majority of the MAR story stacks up nicely, we find much of the positives to be understood and reflected in valuation. As such, we are resuming coverage with a Hold."

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 $38.69 yesterday.

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