Hotels, Resorts & Cruise Lines

Wyndham Worldwide Corporation (NYSE: WYN) announced today the closing of a new $1 billion revolving credit facility to replace its existing $980 million facility, which had been scheduled to mature in October 2013. The maturity date of the new facility is July 15, 2016. There is no change to the...

Morgan Stanley reiterated its Equal-weight rating on Marriott International (NYSE: MAR). At the moment, Morgan Stanley has a price target of 438 placed on the company's stock. On Friday, MAR added 0.72% to its value to finish the day at $34.92.

Commercial Real Estate Week in Review for the week of July 9th to July 15th - U.S. Debt Talks Continue As Deadline Approaches - Federal Realty Trust Obtains $400 Million Credit Line - Strategic Hotels & Resorts (NYSE: BEE) Secures $85 Million Loan - Retail REITs Lead the Way Towards Recovery -...

In today's UBS Research summary report, UBS raised its ConocoPhillips (NYSE: COP) price target from $76 to $80, raised its V.F. Corp. (NYSE: VFC) price target from $110 to $126, and raised its DeVry (NYSE: DV) price target from $55 to $75, upgrading DeVry from Neutral to Buy. UBS also lowered its...

J.P. Morgan has put out a report on Marriott International (NYSE: MAR) that lowers the price target. In the report, J.P. Morgan writes, "We are sticking with OW rating here given an operating/EPS reset post 2Q11 results, low near-term operating expectations, an undemanding valuation (at 10.5x...

Bank of America Merrill Lynch is out with its report today on Marriott International (NYSE: MAR), lowering its PO from $42 to $40. In a note to clients, Bank of America Merrill Lynch writes, "MAR provided lower than expected Q3 RevPAR guidance and lowered 2011 EBITDA/EPS estimates slightly....

Goldman Sachs is out with its report today on Marriott International (NYSE: MAR), lowering its PT from $37 to $35. In a note to clients, Goldman Sachs writes, "We are updating our Marriott estimates following the company's 2Q results. We are lowering our EPS due to lower RevPAR growth and higher G...

Credit Suisse made a number of updates in a research report published today. Freeport-McMoRan Copper & Gold (NYSE: FCX) had its rating assumed with an Outperform rating and a price target of $75. On Thursday, FCX lost 1.17% of its value to end the day at $54.25. Its shares continued to slide...

JP Morgan has lowered the price target on Marriott International (NYSE: MAR) from $47 to $41 and maintains its Overweight rating.

Goldman Sachs has lowered the price target on Marriott International (NYSE: MAR) from $37 to $35 and maintains its Neutral rating.

Rodman & Renshaw reduced its Marriot International (NYSE: MAR) price target from $43 to $38 in a research report published today. Rodman & Renshaw has previously given Marriot a Market Perform rating. In the report, Rodman & Renshaw states, "MAR's 2Q11 EPS of $0.37 was in line with the...

Cusick's Corner The sellers have taken a bit out of this market into the Midday and I am a little surprised at how aggressively they are doing so. The volatility has been picking up and while it is typical for volatility to abate into this afternoon and tomorrow, we are not seeing that reflected...

Goldman Sachs has published a research report on Marriott International (NYSE: MAR). In the report, Goldman Sachs noted that results for the quarter and guidance were weaker than expected. According to Goldman Sachs, "Revenue (excluding reimbursed costs) was lower than our estimates with the...

JP Morgan reiterated its Overweight rating on Wyndham Worldwide (NYSE: WYN). At the same time, the rating agency left its price target on the company's stock unchanged at $45. On Wednesday, WYN closed the day at $34.02.

According to Jefferies, Marriott International (NYSE: MAR) 2Q11 was generally in line. Jefferies said that it believes the guidance reduction suggests continuing difficulty forecasting in a volatile worldwide macro environment and is bearish for the shares in the near term. “However, for the...