Hotel/resort operator Marriott International, Inc. (MAR) on Monday caught some mixed commentary from analysts at Goldman Sachs.
The firm removed MAR from its “Conviction Buy” List but maintained its $43 price target. That target suggests a 17% upside to the stock’s Friday closing price of $36.85.
Goldman Sachs said that MAR’s RevPAR (revenue per available room) growth is lower than the broader lodging industry. It also noted the stock’s outperformance as of late, rising 26% year-to-date vs. an 8% gain in the S&P 500. Still, the analyst believes Marriott is the leader in a good sector.
Marriott shares fell 83 cents, or -2.3%, in premarket trading Monday.
The Bottom Line
Shares of Marriott International (MAR) have a 1.41% dividend yield, based on Friday’s closing stock price of $36.85. The stock has technical support in the $34-$36 price area. If the shares can firm up, we see overhead resistance around the $40-$42 price levels.
Marriott International, Inc. (MAR) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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