Zacks Investment Research downgraded shares of MARRIOT VAC WW (VAC) from OUTPERFORM to NEUTRAL on December 19, 2012, with a target price of $42.90.
Marriott Vacations Worldwide Corporation is a developer, marketer, seller and manager of vacation ownership resorts and vacation club, destination club and exchange programs, principally under the "Marriott" and "Ritz-Carlton" brands and trademarks. The Company generates most of its revenues from four primary sources: selling vacation ownership products, managing our resorts, financing consumer purchases of vacation ownership products and renting vacation ownership inventory.
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