Marriott price target raised to $310 from $300 at Argus

Argus raised the firm’s price target on Marriott (MAR) to $310 from $300 and keeps a Buy rating on the shares. The firm is positive on the prospects for a lodging industry recovery while noting that Marriott’s profitable fee-based business, strong liquidity, and emphasis on corporate travel position it well for earnings growth in 2025, the analyst tells investors in a research note.