02:20 PM EDT, 05/06/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target to $266 from $340, based on a 17x (from 21x) EV/EBITDA multiple and within its 13x-18x three-year trading range. We lower our 2025 adj-EPS to $10.10 from $10.13 and lift our 2026 adj-EPS to $11.58 from $11.51, reflecting lower near-term RevPAR growth. We revised our multiple significantly lower to reflect the higher risk of a pullback in consumer spending. Our estimate revision primarily is driven by a lower RevPAR growth expectation in the U.S. We thought broad weakness in occupancy levels across MAR's midscale U.S. locations either signaled weaker consumer spending or a negative response to higher fees, the latter primarily driving Q1 results. In either case, we think shares are more fairly valued at current levels. We also see other peers executing on development and pipeline at a faster clip than MAR. While we appreciate MAR as a business, we think the potential for further earnings outperformance is limited over the next 12 months. Thus, we downgrade our opinion to Hold.