NEW YORK (TheStreet) --Shares of Marriott International Inc. (MAR) are lower by -1.61% to $61.69 at the start of trade on Wednesday following a ratings downgrade to "neutral" from "outperform" at Macquarie Group.
The firm said it cut its rating on the hospitality company based on a valuation call.
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Separately, TheStreet Ratings team rates MARRIOTT INTL INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate MARRIOTT INTL INC (MAR) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, impressive record of earnings per share growth and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: