Jefferies Starts Marriott International (MAR) at Hold; Stock Fairly Valued

Jefferies initiates coverage on Marriott International (NYSE: MAR) with a Hold. PT $34.00.

The firm comments, "Marriott's domestic prowess is attractive, as is its asset-light model. We forecast recurring double-digit earnings growth, despite limited exposure to faster-growing Emerging Markets. However, we think Marriott is fairly valued for what is a more defensive, US-centric operator. Hence, we initiate with a Hold recommendation."

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 $34.43 yesterday.

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