Market News / Story
JPMorgan initiates timeshare coverage, favors Marriott Vacations
Seeking Alpha ·
Seeking Alpha reports: JPMorgan initiated coverage of the timeshare sector with a selective stance, favoring Marriott Vacations Worldwide while remaining neutral on Travel + Leisure and Hilton Grand Vacations . Analyst Michael Hirsh initiated VAC at Overweight with a $125 price target, saying the company is in the “early innings of a credible turnaround” following a management reset. They see 2% to 4% upside to 2028 consensus estimates and view its December 9 investor day as a near-term…