Marriott Vacations shares are trading lower after the company reported worse-than-expected Q2 financial results and issued FY24 adjusted EPS guidance below estimates. Also, Stifel maintained a Buy rating on the stock and lowered its price target from $117 to $108.
Portfolio Pulse from Benzinga Newsdesk
Marriott Vacations shares are trading lower after the company reported worse-than-expected Q2 financial results and issued FY24 adjusted EPS guidance below estimates. Stifel maintained a Buy rating on the stock but lowered its price target from $117 to $108.
August 01, 2024 | 3:20 pm
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Marriott Vacations shares are trading lower due to worse-than-expected Q2 financial results and lower FY24 adjusted EPS guidance. Stifel maintained a Buy rating but reduced the price target from $117 to $108.
The disappointing Q2 financial results and lower FY24 EPS guidance are likely to negatively impact investor sentiment in the short term. Although Stifel maintained a Buy rating, the reduction in the price target indicates lowered expectations.
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