Morgan Stanley Said It Sees Little Upside For Marriott International's Q3 Earnings (MAR)

By FNO

Morgan Stanley said that while it believes investors will be focused on Marriott International's (NYSE:MAR) forward guidance and commentary regarding booking trends, unless the company shows improvement narrowing the gap between its results and the industry, it sees little upside from Q3 earnings.
The bank maintained its equal-weight rating and $31 price target.
Marriott International has a potential upside of 40.9% based on a current price of $27.58 and an average consensus analyst price target of $38.86.
Marriott International should find initial resistance at its 50-day moving average (MA) of $28.79 and further resistance at its 200-day MA of $35.34.
In the last five trading sessions, the 50-day MA has fallen 2.23% while the 200-day MA has slid 0.95%.
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.