Marriott price target raised to $330 from $300 at Argus

Argus raised the firm’s price target on Marriott (MAR) to $330 from $300 and keeps a Buy rating on the shares. The firm cites the recent run-up in the stock price while noting that Marriott’s profitable fee-based business, strong liquidity, and emphasis on corporate travel position it well for earnings growth in 2025. Argus adds that the company’s global operating model, which enables it to expand room capacity anywhere in the world, is also a “strong long-term positive”.