Barclays raised the firm’s price target on Marriott Vacations to $102 from $90 and keeps an Equal Weight rating on the shares. The company now faces tough first half of 2024 compare, consumer finance headwinds, and no end in sight to Rental profitability squeeze, the analyst tells investors in a research note. The firm says the guidance miss incorporates all that, and it has to give credit to the better Contract Sales outlook.
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