MAR - Marriott's Growth Strategy: Morgan Stanley Foresees Upside Amid Recent Market Jitters | Benzinga
Morgan Stanley analyst Stephen W Grambling has reiterated an Overweight rating on the shares of Marriott International Inc (NASDAQ: MAR) with a price target of $225.
MAR is set to host its first investor day in over four years on September 27 in Miami. During prior analyst days, the event focused on setting 3-year targets, reviewing marketing/loyalty programs, and detailing future room growth, said the analyst.
The analyst anticipates a similar structure, with added details on recent brand launches & partnerships, technology investments, and non-RevPAR related fees.
Based on the analyst's 2023 estimate , MAR will deliver an 11% 2019-2023 EPS CAGR ...