Keefe, Bruyette & Woods Comments On Reduced Expectations For Marriott

According to Keefe, Bruyette & Woods, Marriott International MAR reduced expectations for 1Q11 RevPAR given poorer North American demand trends, partially offset by international trends at the high end. NA RevPAR now seen at 5-6%; reaffirmed 1Q EPS range of $0.24-$0.28. Keefe, Bruyette & Woods reported that the rating is Outperform and the target is $48. Marriott International closed yesterday at $35.30.