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
- Marriott sees FY23 worldwide RevPAR growth 12%-14%
- Marriott sees returning $4.1B-$4.5B to shareholders in 2023
- Marriott sees net rooms growth ‘squarely’ in MSD range for next few years
- Marriott sees FY23 net rooms growth 4.2%-4.5%, higher than previous expectations