Morgan Stanley Maintains EqualWeight On Marriott International (MAR)

Morgan Stanley has an Equal-Weight rating and a $38 price target on shares of Marriott International MAR. In a note to clients, Morgan Stanley writes, "Our overall investment thesis and Equal-weight rating remain unchanged following a review of 1Q11 results. In our view, MAR offers a favorable long-term risk-reward with limited downside during the lodging up-cycle, but we see limited positive catalysts in the near term. While we expect improved group performance to become a positive tailwind in 2H11, we believe MAR is fairly valued currently." Shares of MAR lost 41 cents yesterday to close at $35.46, a loss of 1.14%.