Truist analyst Patrick Scholes raised the firm’s price target on Marriott Vacations to $223 from $205 and keeps a Buy rating on the shares after its Q4 earnings beat reported last week. The analyst is positive on the company’s "encouraging" trends going into 2023, progress being made on Vacation Next and Hyatt Vacation Ownership initiatives, and the management’s capital returns, with Marriott Vacations having repurchased 1.2M shares of common stock – 3% of market cap – during the quarter.
Published first on TheFly
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