MAR - Marriott's Growth Story Still Charms Despite Global Challenges: Morgan Stanley's Investor Day Recap | Benzinga
Morgan Stanley analyst Stephen W Grambling reiterated an Overweight rating on the shares of Marriott International Inc (NASDAQ: MAR) with a price target of $225.
At the investor's day, MAR's management noted that the strong near-term demand trends position them to deliver the high end of 2023 guidance ($8.65 EPS versus MSe/Cons $8.84/ $8.65).
In addition, the company outlined a long-term path to $5.195 billion - $5.655 billion in EBITDA (Cons $5.308 billion), $10.10-$11.45 in EPS (Cons $11.09), $2.6 billion - $2.9 billion in FCF in 2025.
The analyst has tweaked the estimates on the back of the event to incorporate slightly higher rooms ...