0 Replies Latest reply: Apr 1, 2010 12:43 PM by anadyr RSS

Wells Fargo Rates Marriott Highly

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Good news!

 

 

"Wells Fargo upgraded Marriott International Inc (MAR.N) and Sunshine Hotel Investors Inc (SHO.N) to "outperform" from "market perform."

 

 

Marriott's risk to 2010 and 2011 EBITDA is minimized by its negligible real estate ownership and the hotelier's shares are well-positioned to move 25 percent higher in the next two years, the brokerage said.

 

 

"We feel Marriott's capital position is superlative and management is proactively exploring ways to go on the offense to take market share," Wells Fargo added. (Reporting by Renju Jose in Bangalore; Editing by Anne Pallivathuckal)"

(For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

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