Truist analyst C. Patrick Scholes raised the firm’s price target on Marriott to $263 from $233 and keeps a Hold rating on the shares. Despite the somewhat mixed 2024 guidance in the company’s earnings, the compounding aspect of Marriott’s business model has not changed, the analyst tells investors in a research note. The firm is rolling out its targets to 2025 while maintaining its assumed valuation multiple, Truist added.
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