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Hot Stock #3 – Marriott (MAR)
Picked by: Chris Johnson & Jon Lewis, editors of The Winning Edge
For those summer travelers that prefer a hotel room to a tent, you can usually find a Marriott property to stay in. Global hotel giant Marriott International, Inc. (NYSE: MAR) has seen an improvement in their bookings and rates, as both business and leisure travelers have started to take to the road again.
The “buy Marriott” trade is far from crowded, despite the fact that the technical picture for the shares has been very positive. We expect this market-leading stock to attract buyers as its fundamental picture continues to improve. Our price target over the next three months is $35.
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