Marriott Vacations price target lowered to $81 from $127 at Truist

Truist analyst C. Patrick Scholes lowered the firm’s price target on Marriott Vacations (VAC) to $81 from $127 and keeps a Buy rating on the shares as part of a broader research note on Vacation Ownership names. The firm is adjusting its models following the industry’s Q3 earnings season while noting that the divergent stock performances boil down to company operational execution and offensive initiatives, or lack thereof, the analyst tells investors in a research note.