Baird raised the firm’s price target on Marriott to $250 from $248 and keeps a Neutral rating on the shares. The firm said its earnings estimates are increasing slightly, but they view the broader fundamental backdrop as relatively unchanged in the aggregate. The company’s improved international RevPAR outlook (ex-Greater China) is boosting guidance and making the earnings profile more international.
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>>
Read More on MAR:
- Marriott’s Compliance Challenge: Navigating Risks in Equity Sales and Purchases to Protect Reputation and Investor Trust
- MAR Earnings: Marriott Drops on Mixed Q1 Results
- MARRIOTT INTERNATIONAL REPORTS FIRST QUARTER 2024 RESULTS
- Notable companies reporting before tomorrow’s open
- Marriott International (MAR) Q1 Earnings Cheat Sheet