Marriott Vacations (VAC) to Benefit from Fed Action, Price Target Lifted at MKM
Get Alerts VAC Hot Sheet
Price: $97.84 -0.83%
Rating Summary:
9 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 20 | Down: 14 | New: 22
Rating Summary:
9 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 20 | Down: 14 | New: 22
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MKM Partners lifted its price target on Marriott Vacations Worldwide (NYSE: VAC) from $36 to $45 ahead of 3Q12 results before the market opens on October 18, 2012.
The firm comments: "Recent action/intentions announced by the Fed have several positive implications for VAC in our view: (1) improved consumer confidence and employment will strengthen consumer travel; (2) VAC’s consumer finance business will continue to benefit from low cost financing; and (3) higher asset (particularly land) prices will benefit VAC as it seeks to monetize previously written down excess land and inventory.
MKM introduced 2015 EBITDA/EPS estimates of $203mn and $2.52, respectively
For an analyst ratings summary and ratings history on Marriott Vacations Worldwide click here. For more ratings news on Marriott Vacations Worldwide click here.
Shares of Marriott Vacations Worldwide closed at $36.11 yesterday.
The firm comments: "Recent action/intentions announced by the Fed have several positive implications for VAC in our view: (1) improved consumer confidence and employment will strengthen consumer travel; (2) VAC’s consumer finance business will continue to benefit from low cost financing; and (3) higher asset (particularly land) prices will benefit VAC as it seeks to monetize previously written down excess land and inventory.
MKM introduced 2015 EBITDA/EPS estimates of $203mn and $2.52, respectively
For an analyst ratings summary and ratings history on Marriott Vacations Worldwide click here. For more ratings news on Marriott Vacations Worldwide click here.
Shares of Marriott Vacations Worldwide closed at $36.11 yesterday.
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