Jefferies Comments On Marriott 2Q11

According to Jefferies, Marriott International 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 longer term we believe investors could be overlooking the valuation perspective on the shares in view of the timeshare spin-off and recommend using weakness as an opportunity.” Marriott International closed yesterday at $37.14.