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BUZZ-BMO upgrades Marriott International to 'outperform'

Reuters01-10

BUZZ-BMO upgrades Marriott International to 'outperform'

** BMO upgrades hotel operator Marriott International MAR.O to "outperform" from "market perform"

** Shares of MAR up 1.26% at $328.35

** Brokerage cites MAR is well-positioned with a high-end portfolio and potential EBITDA upside from its credit card program renewals

** We view MAR’s royalty fee-based asset-light model as very attractive, low capital intensity, low fixed costs and strong cash generation, brokerage says

** Brokerage also raises PT to $370 from $285, implying a 13.8% upside to stock's last close

** 13 of 27 brokerages rate the stock "buy" or "higher", 13 "hold" and 1 "sell"; their median PT is $293.50

** Including session moves, MAR up 20.2% in last 12 months

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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