Macquarie raised the firm’s price target on Marriott to $245 from $215 and keeps a Neutral rating on the shares. The analyst believes the lodging C-corps will beat Q4 estimates and provide 2024 guidance above consensus. The firm favors exposure to the high-end consumer and Asia-Pacific recovery. Its top picks remain Hyatt (H) and Playa Hotels (PLYA).
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on MAR: