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Stock Market & Financial Investment News

News Breaks
April 4, 2014
07:29 EDTMARMarriott price target raised to $60 from $55 at Credit Suisse
Credit Suisse raised Marriott's price target to $60 from $55 and believes the lodging industry may experience a prolonged recovery given the pase of economic growth. Marriott is a one of the firm's best ideas and rated Outperform and a Focus List selection.
News For MAR From The Last 14 Days
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January 22, 2015
07:38 EDTMARMarriott CEO bullish on U.S. growth, Chinese consumer class, WSJ says
Marriott International CEO Arne Sorenson believes most Americans are "underestimating the depth of the recovery under way in the U.S.," reports the Wall Street Journal, citing a recent interview at the World Economic Forum in Davos. He attributed U.S. momentum to falling oil prices, and went on to note that Marriott's business in Russia is down 20%-25% while calling its performance in the U.K. and Middle East "not bad." Sorenson also remarked that China's transition to a middle-class consumer economy should be a boon, though he speculated that foreign growth and U.S. tax rates could limit the company's reinvestment in U.S. properties. Reference Link
January 20, 2015
05:21 EDTMARMarriott expects to reach 1M rooms open or in development in FY15
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January 14, 2015
05:57 EDTMARLodging sector downgraded to Market Weight at Wells Fargo
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