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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on MAR: