Marriott International Inc Class A

MAR: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$187.00	Qhc	Xpcxdngq

Marriott Expects Improving Demand to Endure the Rest of 2022; We Think 2023 Will See More Lift

Dan Wasiolek

Aug 2, 2022

We plan to lift our $164 fair value estimate for narrow-moat Marriott by a mid-single-digit percentage for time value and more resilient near-term demand, leaving the shares slightly undervalued.

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