Wells Fargo Initiates Coverage On Marriott Intl with Equal-Weight Rating, Announces Price Target of $220
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Daniel Politzer has initiated coverage on Marriott International (NASDAQ:MAR) with an Equal-Weight rating and set a price target of $220 for the stock.

December 05, 2023 | 5:46 pm
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Wells Fargo initiated coverage on Marriott International with an Equal-Weight rating and a price target of $220.
The initiation of coverage by Wells Fargo with an Equal-Weight rating suggests a neutral outlook on Marriott International's stock, indicating that the stock is expected to perform in line with the market or sector average. The price target of $220 provides a reference point for investors but does not imply significant upside or downside, hence the neutral score. The relevance is high as the news is directly about Marriott International. The importance is significant as analyst ratings can influence investor perception and stock price, but it is not at the highest level as the rating is neutral rather than a strong buy or sell. The confidence level is high due to the specificity of the analyst's rating and price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100