Jefferies Maintains Hold on Marriott Intl, Raises Price Target to $227
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst David Katz has maintained a Hold rating on Marriott International (NASDAQ:MAR) and increased the price target from $205 to $227. This adjustment reflects a more positive outlook on the company's future performance while still not fully endorsing a buy recommendation.
January 02, 2024 | 12:58 pm
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Jefferies analyst David Katz reaffirmed a Hold rating on Marriott Intl but raised the price target from $205 to $227, indicating a potential upside from the current trading level.
The increase in price target by Jefferies suggests a more optimistic view of Marriott's future performance, which could lead to positive investor sentiment in the short term. However, the Hold rating indicates that the analyst sees the stock as fairly valued at the moment, which tempers the potential impact on the stock price.
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