TD Cowen Maintains Outperform Rating for Marriott Intl: Here's What You Need To Know

TD Cowen has decided to maintain its Outperform rating of Marriott Intl MAR and raise its price target from $185.00 to $215.00.

Shares of Marriott Intl are trading down 0.17% over the last 24 hours, at $203.81 per share.

A move to $215.00 would account for a 5.49% 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 99% of total rooms as of June 30, 2023. 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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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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