Oppenheimer Cuts Marriott To Hold, Best-Case Scenario Already Priced In

Marriott International ( MAR ) is falling Tuesday, and SunTrust Robinson Humphrey thinks investors are right to take a step back from the stock. Analyst Patrick Scholes and his team downgraded Marriott from Buy to Hold today, and although they raised their price target to $88 to $75. Scholes argues that the stock, which is up nearly 32% in the past year, is already pricing in the best case scenario, which may be difficult for the company to achieve.