Marriott's Growth Story Still Charms Despite Global Challenges: Morgan Stanley's Investor Day Recap
Portfolio Pulse from Shivani Kumaresan
Morgan Stanley analyst Stephen W Grambling reiterated an Overweight rating on Marriott International Inc (NASDAQ:MAR) with a price target of $225. The company's management noted strong near-term demand trends and outlined a long-term path to $5.195 billion - $5.655 billion in EBITDA and $2.6 billion - $2.9 billion in FCF in 2025. Despite macro fears in the U.S. and China, the analyst continues to like the risk-reward in the stock.
September 28, 2023 | 5:24 pm
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Morgan Stanley analyst reiterated an Overweight rating on Marriott International with a price target of $225. The company's strong near-term demand trends and long-term financial outlook could positively impact the stock.
The analyst's positive rating and the company's strong financial outlook suggest potential growth for Marriott's stock. Despite macroeconomic concerns, the analyst's continued support indicates confidence in the company's performance.
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IMPORTANCE 80
RELEVANCE 100