Marriott stock price target raised to $145 from $139 at Raymond James

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Marriott expects to open 1,700 hotels over 3 years

Marriott International Inc. is planning to open more than 1,700 hotels over the next three years, the company announced right before its investor day was slated to start in New York. By 2021, the company said it expects to add between 275,000 and 295,000 rooms. That year, it could bring in fee revenue of $400 million from the new rooms opened, the company said.

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