Jefferies raised the firm’s price target on Marriott (MAR) to $295 from $251 and keeps a Hold rating on the shares. The firm’s view on Lodging stocks going into 2025 is “incrementally positive,” says the analyst, who cites a more stable macro environment, balanced fundamentals, and sustainable growth. The continuing execution of unit and pipeline growth for C-corps and return-on-investment projects for REITs should support higher valuations in the context of an improving interest rate outlook, the analyst tells investors in a group outlook note.
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Read More on MAR:
- Marriott in pact to introduce Ritz-Carlton to Xiamen Island in Fujian Province
- FTC finalizes order with Marriott, subsidiary to address security failures
- Marriott price target raised to $286 from $249 at Barclays
- Marriott price target raised to $269 from $251 at JPMorgan
- Marriott expands into outdoor market with Postcard Cabins and Trailborn
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
