Stifel raised the firm’s price target on Marriott Vacations (VAC) to $112 from $102 and keeps a Buy rating on the shares. Shares have rallied about 26% 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 $6.29 and adjusting its 2025 and 2026 EPS estimates.
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Read More on VAC:
- Marriott Vacations price target raised to $115 from $90 at JMP Securities
- Marriott Vacations price target raised to $97 from $74 at Barclays
- Marriott Vacations Reports Solid Growth in Q3 2024
- Marriott Vacations Reports Strong Q3 2024 Financial Performance
- Marriott Vacations reports Q3 adjusted EPS $1.80, consensus $1.57