Hudson Raises Price Target On Marriott International, Inc. (MAR)

Hudson Securities is raising its price target on shares of Marriott International, Inc. MAR to $43 from $44, and is keeping its Buy rating on shares. In a note to investors, Hudson writes, "Marriott beat the 4Q with some help from a lower tax rate. Operating results were in-line, overhead was higher, and taxes were lower. MAR also announced it was going to spin out its timeshare business to shareholders as a standalone business. The market reaction to the spinout was positive and carried through to WYN too. Nonetheless, we're moving our rating to Hold from Buy. Stock has had a great run and now appears fully valued."