Marriott (MAR) Stock: $185 Price Target From Wells Fargo

By Amit Chowdhry ● Nov 25, 2021
  • The shares of Marriott International Inc (NASDAQ: MAR) have received a $185 price target from Wells Fargo. These are the details.

The shares of Marriott International Inc (NASDAQ: MAR) have received a $185 price target from Wells Fargo. And Wells Fargo analyst Dori Kesten increased the price target from $171 while maintaining an “Overweight” rating on the shares following the company’s third quarter earnings.

Kesten noted that continues the company’s exposure to business transient/group and higher-end properties positions them well for outsized growth over the next year compared to its closest peer. And with the shares trading at a discount on estimated 2022/2023 EBITDA versus a historic premium/in line immediately pre-pandemic, the analyst believes Marriott’s shares should experience a tailwind over the next year.

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