Bank of America Securities analyst Shaun Kelley has reiterated their bullish stance on MAR stock, giving a Buy rating yesterday.
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Shaun Kelley has given his Buy rating due to a combination of factors including strong performance and future growth prospects for Marriott International. The company reported solid fourth-quarter results with EBITDA exceeding expectations, which was largely driven by strong RevPAR and core fee growth. Despite a dip in share performance, Kelley views the underperformance as temporary and remains optimistic about Marriott’s business model and potential for earnings growth.
Furthermore, Kelley highlights that Marriott’s 2025 outlook for RevPAR and EBITDA aligns with expectations, although EPS is slightly lower due to increased interest expenses and taxes. The analyst also notes that challenges in fee growth are temporary and expects improvements. Marriott’s commitment to net unit growth and strategic investments further supports a positive long-term outlook, prompting a Buy recommendation.
In another report released yesterday, Bernstein also maintained a Buy rating on the stock with a $328.00 price target.