Marriott Vacations price target lowered to $140 from $142 at Truist

Truist analyst C. Patrick Scholes lowered the firm’s price target on Marriott Vacations (VAC) to $140 from $142 and keeps a Buy rating on the shares as part of a broader research note on Lodging and Vacation Ownership companies. The companies discussed beat consensus expectations for Q4 earnings and did not experience any unexpected operational hiccups, the analyst tells investors in a research note, adding that there were also no negative surprises with the loan loss provisions following surprising upticks and/or charges in the first half of 2024. Truist added however that in contrast to its peers, the company disappointed the high expectations from investors that they would beat the low consensus expectations for 2025 EBITDA guide.