Buckingham Research recommends Marriott Vacations

• Buckingham Research initiates coverage on Marriott Vacations Worlwdwide (NYSE:VAC) with a Buy rating on a positive view of M&A potential and valuation.
• Marriott Vacations is also called a "best in class" operator by Buckingham analyst Christopher Jones.
• The investment firm assigns a price target of $132 to the hotel stock.
• Previously: Timeshare merger talk lifts VAC, HGV, ILG (June 15)