Bank of America Securities Sticks to Its Buy Rating for Marriott International (MAR)

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Bank of America Securities analyst Shaun Kelley maintained a Buy rating on Marriott International (MAR – Research Report) today. The company’s shares closed yesterday at $250.71.

Kelley covers the Consumer Cyclical sector, focusing on stocks such as MGM Resorts, Caesars Entertainment, and Boyd Gaming. According to TipRanks, Kelley has an average return of 2.5% and a 52.16% success rate on recommended stocks.

In addition to Bank of America Securities, Marriott International also received a Buy from Goldman Sachs’s Lizzie Dove in a report issued on September 18. However, on September 17, Barclays maintained a Hold rating on Marriott International (NASDAQ: MAR).

Based on Marriott International’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $6.44 billion and a net profit of $772 million. In comparison, last year the company earned a revenue of $6.08 billion and had a net profit of $726 million

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Marriott International (MAR) Company Description:

Marriott International, Inc. engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following business segments: North American Full-Service, North American Limited-Service, Asia Pacific, and Other International. The North American Full-Service segment includes luxury and premium brands located in the U.S. and Canada. The North American Limited-Service segment comprises select properties located in the U.S. and Canada. The Asia Pacific segment focuses in all brand tiers in Asia Pacific region. The Other International segment represents its Caribbean and Latin America, Europe, and Middle East and Africa properties. The company was founded by J. Wiliard Marriot and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.

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Bank of America Securities Sticks to Its Buy Rating for Marriott International (MAR)

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