Marriot Estimates Raised by JP Morgan, Goldman Says Sell Rubicon, Celege at Outperform

Marriott International, Inc.(NYSE:MAR): JP Morgan raised its estimates and price target for Marriott to reflect higher RevPAR growth assumptions and keeps an Overweight rating on the stock.

Rubicon Technology, Inc.(NASDAQ:RBCN): Goldman reiterated Rubicon as a Sell rating following checks that indicate risk to pricing and demand expectations for the LED sapphire market due to depressed utilization rates and oversupply. Price target is $8.

Celgene Corporation(NASDAQ:CELG): Summer Street believes Celgene shares should continue to outperform this year following the company’s Q4 results. The firm upped its price target for shares and reiterates an Outperform rating on the stock.

Canadian Pacific Railway Limited(NYSE:CP): After Canadian Pacific reported lower than expected adjusted Q4 EPS, Sterne Agee expects the company to scale back its labor costs after winter. The firm believes that the company is capable of meeting its long-term margin guidance which the company raised, and it maintains a Buy rating on the stock.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com