Barclays lowered the firm’s price target on Marriott to $208 from $211 and keeps an Equal Weight rating on the shares. The company reported in-line Q3 results but the soft Q4 guidance “underwhelmed,” the analyst tells investors in a research note.
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- Marriott sees higher RevPAR growth internationally vs. U.S. in Q4
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- Marriott sees returning $4.1B-$4.5B to shareholders in 2023
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