Upgrade Alert for Marriott International (MAR)
Marriott International (NYSE:MAR) was upgraded from Hold to Buy at Evercore ISI today. The stock closed yesterday at $66.46 on volume of 4.3 million shares, below average daily volume of 5.5 million.
Over the past year, Marriott International has traded in a range of $56.43 to $81.55 and closed yesterday at $66.46, 18% above that low. The 200-day and 50-day moving averages have moved 0.23% lower and 0.37% higher over the past week, respectively.
Marriott International, Inc. is a worldwide operator and franchisor of hotels. The Company franchises lodging facilities and vacation timesharing resorts under various brand names. Marriott also provides services to home/condominium owner associations for projects associated with several of its brands.
Potential upside of 25.5% exists for Marriott International, based on a current level of $66.46 and analysts' average consensus price target of $83.43. The stock should find initial resistance at its 50-day moving average (MA) of $68.82 and further resistance at its 200-day MA of $69.37.
SmarTrend is tracking the current trend status for Marriott International and will alert subscribers who have MAR in their portfolio or watchlist when shares have changed trend direction.
Keywords: analyst upgrades/downgrades Marriott International