Marriott Vacations Worldwide (VAC) Gets Downgraded to Market Perform From Outperform by Citizens – Here’s Why

Marriott Vacations Worldwide Corporation (NYSE:VAC) is one of the most undervalued hotel stocks to invest in now. Marriott Vacations Worldwide Corporation (NYSE:VAC) was downgraded to Market Perform from Outperform by Citizens on March 9, without assigning a price target. The rating update came after the fiscal Q4 report, with the firm telling investors in a research note that the company’s turnaround pitch to investors has not changed under the new CEO. The firm believes that the board of Marriott Vacations Worldwide Corporation (NYSE:VAC) should have explored some strategic alternatives, given that the stock was down 60% over the three-year tenure of the prior CEO. Citizens further contended that it has “no idea how much dysfunction remains within the organization today”.

Marriott Vacations Worldwide Corporation (VAC): Among Billionaire George Soros’ Small-Cap Stocks with Huge Upside Potential

Marriott Vacations Worldwide Corporation (NYSE:VAC) also received a rating update from Mizuho on March 5. The firm upgraded the stock to Outperform from Neutral, lifting the price target to $104 from $58 and stating that the company’s new CEO, Matthew Avril, has brought its sales force disruption under control. The firm believes that the company is leveraging experiences and events to drive owner upgrades, and that may be an underappreciated “major catalyst” for the shares.

Marriott Vacations Worldwide Corporation (NYSE:VAC) is a global vacation company involved in rental and resort, vacation ownership, exchange, rental and resort, and property management, as well as related products, services, and businesses. The company’s operations are divided into the Vacation Ownership and Exchange & Third-Party Management segments.

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