Marriott price target raised to $300 from $275 at BofA

BofA raised the firm’s price target on Marriott (MAR) to $300 from $275 and keeps a Buy rating on the shares. The firm expects Q3 results to be within outlook ranges for C-corps in the Lodging sector and its tracker is unchanged with finalized September data, although the firm thinks the high end of outlooks may be difficult to achieve for some, the analyst tells investors. Overall, Q3 U.S. RevPAR was up year-over-year and ex-China remains a tailwind for the sector, the firm adds. Additionally, BofA notes the company is tracking up ahead of consensus and within outlooks.