BUZZ-BMO raises PT on Marriott after Q1 results top estimates

Reuters
Yesterday
BUZZ-BMO raises PT on Marriott after Q1 results top estimates

** BMO Capital raises price target on Marriott International MAR.O to $265 from $250 as Q1 earnings beat estimate, driven by strength in international markets

** The new price target shows 5.2% upside to the stock's last close

** Rating unchanged at "market perform"

** "Despite the weaker backdrop and bolstered by 1Q upside, 2025 guidance was largely unchanged"- BMO

** Says co's annual revenue per available room (REVPAR) outlook lowered by 50 basis points

** 9 of 27 brokerages rate the stock "buy" or higher, 17 "hold" and 1 "sell"; their median PT is $272- LSEG

** As of last close, stock has fallen 9.7% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))

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