Barclays downgraded Marriott Vacations to Equal Weight from Overweight with a price target of $90, down from $103. The analyst expects travel and leisure demand to prove relatively resilient overall, but with pockets of varying weakness as consumers become more discerning with their budgets. The firm favor industries with attractive value propositions to the consumer and companies with unique growth catalysts or self-help. The rating change is part of Barclays’ 2024 gaming, lodging and leisure outlook.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on VAC:
- Marriott Vacations raises quarterly dividend to 76c from 72c per share
- Airbnb downgraded, Expedia upgraded: Wall Street’s top analyst calls
- BofA downgrades ‘show me story’ Marriott Vacations to Underperform
- Marriott Vacations downgraded to Underperform from Neutral at BofA
- Marriott Vacations price target lowered to $149 from $187 at Truist
