Marriott price target raised to $283 from $252 at Stifel

Stifel analyst Simon Yarmak raised the firm’s price target on Marriott (MAR) to $283 from $252 and keeps a Hold rating on the shares. Shares have rallied about 13% since the night before the recent election as investors appear to be more bullish on the economy and by extension lodging stocks, notes the analyst, who is maintaining the firm’s 2024 EPS estimate of $9.26 and adjusting its 2025 and 2026 EPS estimates.