Marriott 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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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