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Stock Market & Financial Investment News

News Breaks
February 14, 2014
10:48 EDTMAR, HLT, H, CHH, IHG, WYN, HOTHotels rise after Hyatt results beat expectations
The shares of a number of hotel chains are climbing after one of the companies in the sector, Hyatt Hotels (H), reported significantly stronger than expected results. WHAT'S NEW: Hyatt's fourth quarter earnings per share, excluding some items, came in at 32c, versus analysts' consensus estimate of 20c. The company's revenue was slightly higher than expected. Its revenue per available room, or RevPAR, rose 6.2% versus the fourth quarter of 2012. "Looking ahead, we expect healthy occupancy levels in the U.S. to support increasing strength in room prices," said Hyatt CEO Mark Hoplamazian in a statement. WHAT'S NOTABLE: UBS upgraded Starwood (HOT) to Buy from Neutral in a note to investors earlier today, after the stock fell yesterday in response to the company's decision not to buy back any shares last quarter. The firm expects the company to be able to buy back shares going forward and it predicts that strength in North America, asset sales, and RevPAR gains in China will drive the stock higher. PRICE ACTION: In mid-morning trading, Hyatt jumped 5.6% to $52.35, Starwood advanced 2.6% to $77.34, InterContinental Hotels Group (IHG) advanced 1.6% to $33.50, and Marriott (MAR) gained 1% to $50.65. OTHERS TO WATCH: Other publicly traded companies in the space include Choice Hotels (CHH), Hilton Worldwide (HLT), and Wyndham (WYN).
News For H;HOT;IHG;HLT;WYN;CHH;MAR From The Last 14 Days
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April 23, 2015
15:00 EDTHNotable companies reporting after market close
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April 22, 2015
10:02 EDTMAROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded on post-merger outlook at Bernstein... Amazon.com (AMZN) upgraded to Buy, price target raised to $450 at Monness Crespi... BNP Paribas (BNPQY) upgraded to Overweight from Equal Weight at Morgan Stanley... Dolby (DLB) upgraded to Overweight from Neutral at JPMorgan... First Defiance (FDEF) upgraded to Outperform from Market Perform at Raymond James... Gran Tierra (GTE) upgraded to Buy from Neutral at Dundee... Grupo Aval (AVAL) upgraded to Buy from Neutral at Goldman... Manhattan Associates (MANH) upgraded to Buy from Hold at Benchmark Co.... Marriott (MAR) upgraded to Buy from Neutral at MKM Partners... Masco (MAS) upgraded to Outperform from Market Perform at FBR Capital... Nokia (NOK) upgraded on post-merger outlook at Bernstein... Packaging Corp. (PKG) upgraded to Buy from Hold at Deutsche Bank... Rayonier (RYN) upgraded to Sector Perform from Underperform at RBC Capital... Rogers Communications (RCI) upgraded to Buy from Neutral at BofA/Merrill... Sanofi (SNY) upgraded to Neutral from Sell at Citigroup... Select Comfort (SCSS) upgraded to Outperform from Neutral at Wedbush... UniCredit (UNCFF) upgraded to Buy from Sell at Berenberg... Zions Bancorp (ZION) upgraded to Outperform from Market Perform at FBR Capital.
06:13 EDTMARMarriott upgraded to Buy from Neutral at MKM Partners
MKM Partners upgraded Marriott to Buy with a $100 price target due to valuation.
April 21, 2015
09:06 EDTHLTHilton price target raised to $33 from $30 at Baird
Baird raised its price target on Hilton (HLT) to $33 from $30 ahead of its Q1 earnings report. The firm cited in-line peer valuation despite better growth expectations, additional asset monetization initiatives, and the potential for Blackstone (BX) to sell its shares, which would remove an overhang and boost liquidity. Baird reiterated its Outperform rating on Hilton.
08:09 EDTHLTHilton signs franchise license agreement to operate Hilton Graden Inn in Hawaii
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April 20, 2015
16:46 EDTHHyatt Hotels appoints interim CFO
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April 17, 2015
10:57 EDTIHG, HOTActivist rumored to push for InterContinental, Starwood merger, Betaville says
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07:23 EDTIHG, HOT, WYNStarwood has look of activist target, Bloomberg says
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April 16, 2015
06:08 EDTHOTStarwood to launch Tribute affiliated hotel group, WSJ reports
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April 15, 2015
05:59 EDTHLTHilton REIT spinoff could add $3.50/share in value, says UBS
UBS analysts Robin Farley and Arpine Kocharyan say a tax-free spinoff of Hilton's owned hotel properties, which represent 31%-32% of the hotel chain's EBITDA, could create $3.00-$3.50 per share in value. The analysts explain in a note to investors this morning that while an owned portfolio offers the greatest upside in an upcycle, investors may prefer exposure to the more defensive and stable earnings stream created by a spinoff. They raised their price target for shares of Hilton to $35 from $33 and keep a Buy rating on the name. The stock closed yesterday down 21c to $30.27.
April 14, 2015
06:08 EDTHOTStocks with implied volatility above IV index mean; GMCR HOT
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April 13, 2015
10:00 EDTHLTOn The Fly: Analyst Downgrade Summary
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08:12 EDTHLTHilton downgraded at Evercore ISI
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06:59 EDTHLTHilton downgraded to Hold from Buy at Evercore ISI
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06:00 EDTHOTStocks with implied volatility above IV index mean; DDD HOT
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