Truist lowered the firm’s price target on Marriott Vacations to $159 from $161 and keeps a Buy rating on the shares as part of a broader reseach note previewing Q2 results in Lodging. The firm notes that while it does not envision this earnings season as a catalyst for the lodging sector, the results for most of the C-Corps should reaffirm the compounding earnings drivers of modest RevPAR growth and mid-single digit net rooms growth, the analyst tells investors in a research note. For Marriott Vacations, Truist notes the pre-announced softer than expected sales numbers that were likely due to the impact of Maui fires.
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