Marriott set to woo Chinese tourists with Alibaba deal
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Marriott International (MAR) PT Raised to $98 at Stifel Following 2Q
August 8, 2017 6:59 AM EDTStifel raised its price target on Marriott International (NASDAQ: MAR) to $98.00 (from $95.00) while maintaining a Hold rating. MAR reported 2Q adjusted EPS of $1.13, $0.11 above the Street's estimate. Adjusted EBITDA of $834 million was +8.0% y/y vs. combined pro-forma.
MAR maintained worldwide RevPAR guidance of +1.0%-+3.0%.... More
