JPMorgan Adjusts Marriott International Price Target to $406 From $388

Morgan Stanley maintained an Overweight rating for Marriott International (MAR) and raised its price target to $403.00 from $384.00. The stock is currently trading at $398.58, which is 26.1% above its GF Value™ of $316.13, indicating overvaluation. Marriott has a GF Score™ of 86/100, showing strong performance in profitability and growth, but concerns about financial strength and significant insider selling.

Marriott International has partnered with Coca-Cola as its global beverage supplier, replacing PepsiCo after 34 years. Coca-Cola will provide various beverages across Marriott's 10,000 properties. Marriott's data shows Coca-Cola is preferred by 70% of its guests. The transition timeline is not yet announced.

Marriott International Inc. and FICO Corporation agreed to add seven hotels in Thailand, totaling 1,262 rooms. The deal includes the JW Marriott Bangkok Sathorn, citizenM, and Four Points Flex by Sheraton debuts, and Series by Marriott's first locations. The expansion aims to cater to evolving traveler preferences and well-being.

Singapore's GIC acquired 16 Marriott-run hotels in Japan for $800M, including Four Points Flex by Sheraton. KKR previously owned the chain. Japan's tourism boom and weak yen boost hotel demand. GIC and KKR declined to comment.

Marriott International (MAR) increased its credit facility to $5.0b, extended maturity to 2031, and added environmental performance metrics. The stock is at $352.03, with a 12.32% YTD return but a 5.01% 90-day decline. Analysts debate its valuation, with a fair value estimate of $380.80, suggesting 7.6% undervaluation, but a high P/E ratio of 35.5x.

Target Hospitality (TH) reported Q2 revenue of $85.46M, up 38.7% YoY, beating estimates. Hilton Grand Vacations (HGV) reported $1.36B revenue, up 7.3% YoY, missing estimates. Marriott (MAR) reported $7.07B revenue, up 4.8% YoY, lagging expectations. Carnival (CCL) reported $6.66B revenue, up 5.3% YoY, meeting expectations. TH stock is up 11.3%, while HGV, MAR, and CCL stocks are down 18%, 10.6%, and 15.3% respectively since reporting.