Berquist also reaffirmed Marriott's outlook for first-quarter earnings-per-share between 24 cents and 28 cents.
When Marriott reported its fourth-quarter results earlier this year, investors were particularly impressed with word from
"Marriott International expects to spin off its timeshare operations and development business as a new independent company through a special tax-free
Analysts from Goldman Sachs (GS) cut its rating and price target on Marriott, citing uncertainty about the company's planned timeshare spin-off.Goldman downgraded Marriott to neutral, from buy, and cut its price target on the stock by $10 to $38. -- Written by Miriam Marcus Reimer in New York.
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