Barclays lowered the firm’s price target on Marriott Vacations to $118 from $131 and keeps an Overweight rating on the shares. The analyst expects increased pressure on timeshare fundamentals over the next 12 months but says valuations “are already there.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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:
- Ex-Dividend Date Nearing for These 10 Stocks – Week of September 18-22, 2023
- Marriott Vacations says cancelled Maui reservations through Sept. 10 after fires
- Marriott Vacations price target lowered to $190 from $219 at Truist
- 3 Best Stocks to Buy Now, 8/11/2023, According to Top Analysts
- Marriott Vacations sees FY23 adjusted EPS $9.76-$10.22, consensus $11.30