Marriott cut to Hold as Evercore sees upside priced in
Iryna Tolmachova         
Marriott International (NASDAQ:MAR) is due for a cool-down after an over 20% surge to start 2023, according to Evercore ISI.

The firmâs analysts applauded the hotel chainâs latest earnings result and noted continued strong performance amid resilient travel demand to start 2023. However, the stockâs stark gain to start 2022, coupled with murkier guidance beyond Q1, leave the stock difficult to recommend at present.

As such, the team moved to an In-Line rating from a prior Outperform. Shares of the Maryland-based lodging leader slid 0.7% shortly after Wednesdayâs market open.
Read more on the details of the recent earnings results.