Argus raised the firm’s price target on Marriott to $255 from $216 and keeps a Buy rating on the shares. The company’s profitable fee-based business, strong liquidity, and emphasis on corporate travel have positioned it well for an earnings recovery this year, the analyst tells investors in a research note. The firm is also raising its FY23 EPS view to $8.70 from $8.68 and its FY24 view to $9.59 from $9.58.
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