Truist Securities Maintains Hold Rating for Marriott Intl: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has maintained its Hold rating for Marriott Intl (NASDAQ:MAR) and increased its price target from $233.00 to $263.00. Marriott Intl's shares have seen a slight increase of 0.24% in the last 24 hours, trading at $235.51. The new price target suggests a potential 11.67% increase from the current share price. Marriott operates 1.6 million rooms across approximately 30 brands, with a significant presence in North America.
February 14, 2024 | 5:00 pm
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Truist Securities maintains Hold rating for Marriott Intl, raising price target from $233 to $263, indicating a potential 11.67% increase from the current price.
The increase in the price target by Truist Securities reflects a positive outlook on Marriott Intl's stock, suggesting that the analyst sees potential for growth beyond the current trading price. This could lead to increased investor confidence and potentially drive the stock price up in the short term, especially considering the slight increase in share price following the announcement.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100