BMO Capital analyst Ari Klein raised the firm’s price target on Marriott (MAR) to $285 from $280 and keeps a Market Perform rating on the shares. The company delivered Q3 EBITDA/EPS upside, driven by higher franchise fees, and while Q4 guidance was more mixed, it appears to embed some fee-related conservatism, the analyst tells investors in a research note. Marriott remains relatively better positioned vs. peers, with higher-end and international markets strength, the firm added.
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