Marriott price target raised to $58 from $52 at RW Baird Baird raised its price target on Marriott citing an acceleration of system wide growth and under-appreciated overall brand equity. The firm also cited the company's global expansion effort and an anticipated acceleration in buyback activity. Shares are Outperform rated.
Lodging cycle is not broken, says Credit Suisse Credit Suisse said the correction in the Lodging group has crated a buying opportunity in its best ideas, Marriott (MAR), Hilton (HLT) and La Quinta (LQ). The analyst said low supply growth, healthy corporate travel demand, and lower gasoline prices continue to support the lodging cycle.