As previously reported, BofA downgraded Marriott Vacations to Underperform from Neutral with a price target of $65, down from $125, after the company disappointed in Q3. Marriott Vacations faces pressure across every business segment and the firm sees its issues continuing into 2024, calling it “a ‘show me’ story from here.” The moved its estimates 10% below the Street for 2024/2025, the analyst noted.
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Read More on VAC:
- Marriott Vacations price target lowered to $149 from $187 at Truist
- Marriott Vacations price target lowered to $103 from $118 at Barclays
- Marriott Vacations sees adjusted EPS $7.44-$7.78, consensus $9.26
- Marriott Vacations reports Q3 adjusted EPS $1.20, consensus $2.15
- Is VAC a Buy, Before Earnings?