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Marriott: Wells Fargo initiates a 'weight in line' follow-up

( - Wells Fargo initiates a watch on Marriott International with a 'weight in line' recommendation and a price target of $220, while viewing the luxury hotel chain as an 'attractive commission-based business'.

Marriott has multiple growth drivers and favorable exposure to favorable winds in 2024 (upscale leisure, Asia-Pacific), but at an EV/EBITDA 2024 ratio of 15 times, we consider the risk/reward ratio to be balanced", he judges.

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