Marriott (NYSE:MAR) Should Continue to Steal Market Share

Saying Marriott International (NYSE:MAR) should continue to steal market share from smaller competitors, Argus maintains their "Buy" rating on the company while raising their price target.

Argus said the EPS estimates of Marriot are already on the high side of consensus and will keep their own estimates in place.

With an extensive range inexpensive and low-service hotels under their control, expectations are consumers will continue to go that route as they travel in light of the ongoing recession.

Marriot has also said they're going to increase new rooms in Asian and Middle Easter markets by 25 percent.

With a strong financial position they funding is already close to being secured before construction has even begun.

Marriot closed Tuesday at $39.21, gaining $0.07, or 0.18 percent. Argus increased their price target on them from $43 to $46.