Bank of America Securities analyst Shaun Kelley has reiterated their bullish stance on MAR stock, giving a Buy rating yesterday.
Shaun Kelley has given his Buy rating due to a combination of factors that highlight Marriott International’s strong performance and potential for growth. The company reported first-quarter EBITDA that exceeded expectations, driven by better-than-anticipated RevPAR and core fees, along with some favorable timing items. Despite a slight reduction in the domestic RevPAR outlook, net rooms growth is on the rise, particularly with the anticipated acquisition of the CitizenM brand.
Furthermore, Marriott’s shares have shown resilience, outperforming both its peer group and the broader market, which Kelley attributes to low investor expectations following recent results. The company’s guidance for the second quarter aligns with market expectations, and while there is a cautious outlook for domestic performance, international markets are expected to continue outperforming. These elements combined suggest a positive trajectory for Marriott, justifying the Buy rating.
Kelley covers the Consumer Cyclical sector, focusing on stocks such as Vail Resorts, Hilton Worldwide Holdings, and Churchill Downs. According to TipRanks, Kelley has an average return of 1.0% and a 48.39% success rate on recommended stocks.