Marriott price target raised to $208 from $177 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Marriott (MAR) to $208 from $177 and keeps a Hold rating on the shares. After a “strong” Hilton (HLT) print last week, the firm believes expectations were somewhat elevated coming into Marriott earnings this week. While the company reported headline results that were well ahead of Deutsche Bank’s model and consensus Metrix Consensus, adjusted EBITDA was roughly 1% above the firm’s forecast.