Marriott's valuation downgraded by investment firm
The hotel giant's shares fell 1.5% to US $87.99 yesterday
Marriott International was downgraded from buy to hold at SunTrust Robinson Humphrey after it predicted that the company's earnings results will come in below expectation this year.
The hotel giant's shares fell 1.5% to US $87.99 yesterday according to CNBC.
However on February 15, 2017, Marriott International reported its earnings results for Q4 2016. The company beat analysts’ estimates for revenue and EPS (earnings per share). Its revenue was $5.5 billion, a 47.2% rise YoY (year-over-year).