Why Marriott International Stock Inched Higher Today
Storied hotelier Marriott International (NASDAQ: MAR) had an up day on the stock market to kick off the trading week. The company's share price improved by nearly 1% thanks in no small part to an analyst's price-target hike. That rise was more or less in line with the S 500 index's increase on the day.
The hiking party was none other than Wells Fargo (NYSE: WFC), one of this country's "Big Four" banks, in the person of analyst Jeffrey Donnelly. He added $10 per share to his price target on Marriott shares; he now believes they are worth $222 apiece. He is maintaining his overweight (read:buy) recommendation on the stock.
The reasoning behind Donnelly's move wasn't immediately apparent. It did come less than a week after Marriott released its latest set of quarterly results, notching solid beats on both the top and bottom lines.
Source Fool.com
Marriott International Inc. Stock
With 6 Buy predictions and not the single Sell prediction the community is currently very high on Marriott International Inc..
As a result the target price of 219 € shows a slightly positive potential of 5.01% compared to the current price of 208.55 € for Marriott International Inc..
