Marriott price target raised to $265 from $255 at BMO Capital
The Fly

Marriott price target raised to $265 from $255 at BMO Capital

BMO Capital raised the firm’s price target on Marriott (MAR) to $265 from $255 and keeps a Market Perform rating on the shares. The company’s Q3 earnings and EBITDA missed, mostly on one-time expenses, and Q4 guidance “was soft, with moving parts weighing,” the analyst tells investors in a research note. The firm says that while the broader RevPAR backdrop remains mixed, Marriott’s is “relatively steady” with group leading and leisure lagging and similar dynamics expected in 2025. IT views the stock’s valuation as fair.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App