Marriott International: A Mid-20s P/E And Easing Momentum, Downgrading To Hold
MARMarriott International(MAR) Seeking Alpha·2024-07-22 21:36
JHVEPhoto Cheaper airfares and a still-solid labor market combine to make a significant tailwind for international hotels. Marriott International (NASDAQ:MAR) has not surprisingly returned nearly 40% from when I last analyzed the stock in the second quarter of 2023. Revenge travel trends may be over, but individuals, businesspeople, and families continue to fly the friendly skies and enjoy the amenities of quality hotels around the world. I am downgrading MAR from a buy to a hold, however. I see the sto ...