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Marriott Vacations upgraded to Equal Weight from Underweight at Morgan Stanley

Morgan Stanley upgraded Marriott Vacations (VAC) to Equal Weight from Underweight with a price target of $57, down from $67. The stock underperformed year-to-date and the current valuation now leaves a more balanced risk/reward, the analyst tells investors in a research note. The firm believes Marriott Vacations’ valuation is near trough levels.

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