UPDATE: Goldman Sachs Color on Interval Leisure Group PT Decrease

Goldman Sachs, which lowered its PT on shares of Interval Leisure Group, Inc. IILG, is providing some color on the stock. “We are updating our Interval estimates following its 1Q results. Our estimates are going lower as we now assume: (1) lower revenue per member growth due to inventory issues as well as the integration of the Marriott points system; and (2) the pass-through of the 1Q miss relative to our expectations,” Goldman Sachs writes. “Our new 2011, 2012 and 2013 estimates are $0.68, $0.78, and $0.85, down from $0.80, $0.87 and $0.91.” Interval Leisure Group closed Tuesday at $13.74.