Truist Securities Maintains Hold Rating for Marriott Intl: Here's What You Need To Know

Truist Securities has decided to maintain its Hold rating of Marriott Intl MAR and raise its price target from $213.00 to $221.00.

Shares of Marriott Intl are trading up 0.7% over the last 24 hours, at $206.18 per share.

A move to $221.00 would account for a 7.19% increase from the current share price.

About Marriott Intl

Marriott operates more than 1.5 million rooms across roughly 30 brands. At the end of 2022, luxury represented roughly 10% of total rooms, while full service and limited service, were about 40% and 50%, respectively. Marriott, Courtyard, and Sheraton are the largest brands, while Autograph, Tribute, Moxy, Aloft, and Element are newer lifestyle brands. Managed and franchised represent 97% of total rooms. North America makes up two thirds of total rooms. Managed, franchise, and incentive fees represent the vast majority of revenue and profitability for the company.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.