Movement Alert｜Marriott Pre-Market Rise 3.03%, UBS Flags Long-Term Unit Growth Challenges

Market Focus11-04 21:53

On November 4, Marriott rose 3.03% in Pre-Market Trading, trading at $428.0/share, with turnover of $1.13 million.

The most recent catalyst in public news flow was a UBS note saying Marriott may face challenges in sustaining its mid-single-digit long-term unit growth target as competition for new deals intensifies and construction activity remains below pre-pandemic levels.

That said, the broader backdrop remains supported by the company’s recent quarterly report: Marriott posted Q3 adjusted EPS of $3.02 on revenue of $7.01 billion, both above consensus, and raised full-year adjusted EPS guidance to $12.07-$12.14 from $11.64-$11.81, with Q4 guidance of $3.14-$3.21 also above expectations. Separately, Bernstein lifted its price target to $445 from $402, versus a FactSet-tracked mean target of $411.20.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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