Bernstein raised the firm’s price target on Marriott (MAR) to $290 from $262 and keeps an Outperform rating on the shares. The firm notes it took a pause on Marriott into Q3 results, expecting a miss and risk to full year guidance on weaker China and U.S., both of which transpired – albeit that the miss was largely a result of a one off cost bump. With that quarter past, Bernstein gets back on the campaign trail, and is seeing a positive message from here.
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