Macquarie raised the firm’s price target on Marriott to $205 from $204 and keeps a Neutral rating on the shares. The analyst says cross-border travel acceleration provided a tailwind for the company in Q3.
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Read More on MAR:
- Marriott price target lowered to $208 from $211 at Barclays
- 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