Baird raised the firm’s price target on Marriott to $198 from $187 and keeps a Neutral rating on the shares. The analyst said Marriott’s strong 1Q23 earnings and increased 2023 guidance reflect global travel trends and pricing power remaining resilient in the face of heightened economic uncertainties.
Published first on TheFly
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Read More on MAR:
- Marriott price target raised to $188 from $176 at Barclays
- Marriott International Jumps on Strong Travel Demand
- Marriott raises FY23 comparable systemwide RevPAR growth view to 10%-13%
- Marriott: Timing of demand recovery has varied across regions
- Marriott reports Q1 comparable systemwide constant dollar RevPAR up 34.3%
