Co. beat on revs, also announced a cost cutting program that could save the company 25M annually, or around . .50 in eps. I'm sure it will be talked about in the call tomorrow, it is potentially big news and would force analysts to raise estimates going forward. I'm sure this is news to DC as well, so I would expect a higher offer as well.
Price target of 100, citing the same thing analysts and the company have been stating for at least the last 6 months. The text of the upgrade to buy is on the summary page. MAR also was mentioned this afternoon by Melissa Lee on CNBC, commenting on the MKM upgrade, as well as MAR stock price underperfrmance for the year thus far. I hope everyone got a chance last week to buy in the upper 70's, as it fell to Cramers golden buy point of stocks being 8-10% max from its highs, with company performance remaining intact(specifically 20% growth for MAR). GLTA
Beat on eps, revs, and guided Q1 higher. Was busy after work, just caught the end of Cramers show, and his quote. "Marriott qtr., what a thing of beauty." This stock will be over 100 this time next year, provided growth remins 3-3.5%, and no catastrophies overseas. Whooo daaawg!