Wells Fargo lowered the firm’s price target on Marriott (MAR) to $277 from $285 and keeps an Equal Weight rating on the shares. The firm notes Marriott’s Q4 report last week was mixed. The company reported a Q4 EBITDA beat, Q1 a touch below, and FY25 was in-line, but investors were disappointed that the company’s non-RevPAR fees will no longer be disclosed or guided to.
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