Marriott Vacations price target lowered to $82 from $106 at Barclays

Barclays lowered the firm’s price target on Marriott Vacations to $82 from $106 and keeps an Equal Weight rating on the shares post the Q2 report. Travel demand is intact, but timeshare purchases and loan metrics were weaker, the analyst tells investors in a research note. The firm says the large ticket nature of timeshare is “clearly weighing on demand, and another data point signaling more careful consumer spending behavior within travel.”