Marriott Vacations price target lowered to $127 from $128 at Truist

Truist lowered the firm’s price target on Marriott Vacations (VAC) to $127 from $128 and keeps a Buy rating on the shares as part of a broader research note on Lodging names. Q2 was another “steady-eddie” quarter for the Vacation Ownership companies, a theme that the firm continues to see for the second half of the year, with full-year EBITDA guides also again unchanged, the analyst tells investors in a research note. The affirmed outlook attests to the resilience of the business model during times of economic shakiness, Truist added.