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Marriott's 1Q17 Earnings Preview: What Can Investors Expect?

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Part 8
Marriott's 1Q17 Earnings Preview: What Can Investors Expect? PART 8 OF 8

What Analysts Recommend for Marriott ahead of Its 1Q17 Results

Analyst views

According to a Reuters consensus, out of the 28 analysts tracking Marriott (MAR), 17.9% (five analysts) have a “strong buy” recommendation on the stock, and 32.1% (nine analysts) have a “buy” recommendation on the stock. Plus, 46.4% (13 analysts) have a “hold” rating, 3.6% (one analyst) offered a “sell” rating, and none of the analysts have a “strong sell” rating.

What Analysts Recommend for Marriott ahead of Its 1Q17 Results

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Target price

Marriott’s consensus 12-month target price is $97.10. The current target price indicates a 1.5% return potential on the company’s April 28, 2017, closing price of $95.60. This is higher than the previous target price of $86.10 after its 4Q16 earnings, meaning several analysts have also upgraded Marriott’s target price.

For example, Susquehanna Financial raised its target price to $109 from $101, Citigroup raised its target price to $106 from $96, and Evercore ISI raised its target price to $90 from $86.

Goldman Sachs raised its target price to $105 from $103, Stifel raised its target price to $87 from $84, J.P. Morgan raised its target price to $102 from $98, and Morgan Stanley raised its target price to $95 from $92.

Investors can gain exposure to hotel stocks by investing in the Consumer Discretionary Select Sector SPDR ETF (XLY), which holds 1.2% of its portfolio in Marriott and 0.39% in Wyndham Worldwide (WYN). Among Marriott’s peers, Hilton (HLT) and Hyatt (H) are currently not a part of this ETF.

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