Marriott price target raised to $270 from $245 at Evercore ISI

Evercore ISI raised the firm’s price target on Marriott (MAR) to $270 from $245 and keeps an In Line rating on the shares. The firm is adjusting estimates for its asset-light lodging brand coverage, noting “slight tweaks” to Q3 estimates, as slightly softer Q3 domestic RevPAR is offset by better Europe and Asia Pacific ex-China performance, and telling investor that it is taking “a more conservative view” on Q4, citing a less favorable calendar, short-term disruption at some key assets and slower growth in China.