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.
News For MAR From The Last 14 Days
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Marriott reports Q2 adjusted EPS 71c, consensus 67c Reports Q2 revenue $3.48B, consensus $3.53B. Reports Q2 North American comparable systemwide RevPAR rose 6.0% with average daily rates up 3.7%. On a constant dollar basis, worldwide comparable systemwide RevPAR rose 5.8% in Q2, including a 3.5% increase in average daily rate