Goldman Sachs Downgrades Marriott International from “Buy” to “Neutral” (MAR)

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Hospitality company, Marriott International, Inc. ( MAR ) has been downgraded by Goldman Sachs to "Neutral".
Analysts at Goldman Sachs have downgraded Marriott International from "Buy" to "Neutral." A price target of $43.00 was set, which is an 11.6% increase from the current stock price of $38.38 as of Thursday morning.

Marriott International, Inc. ( MAR ) stock was flat during premarket trading on Thursday. The stock is up nearly 18% YTD.

The Bottom Line
Shares of Marriott International ( MAR ) have a 1.35% dividend yield, based on last night's closing stock price of $38.94. The stock has technical support in the $36-$38 price area. If the shares can firm up, we see overhead resistance around the $42-$45 price levels.

Marriott International, Inc. ( MAR ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks


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