Barclays analyst Brandt Montour downgraded Marriott to Equal Weight from Overweight with a price target of $170, up from $163. Despite its industry leading loyalty program and "highly attractive" asset-light business model, Marriott now trades in line with the price target, which is based on a valuation "that we believe is fair," especially heading into a slower economic backdrop, Montour tells investors in a research note.
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