Hilton CEO says 'comfortable' with tax structure Hilton CEO Christopher Nassetta said that he's "comfortable" with the company's tax structure. Speaking on CNBC, Nassetta added that he hasn't looked at InterContinental (IHG) as a potential takeover target in a serious way. Earlier today, CNBC's David Faber reported that Starwood (HOT) is interested in acquiring IHG.
News For HLT;IHG;HOT From The Last 14 Days
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Starwood upgraded to Overweight from Equal Weight at Barclays Barclays upgraded Starwood (HOT) to Overweight citing expectations for increased capital returns and catalysts from asset sales. The firm expects Starwood to close the valuation gap with Marriott (MAR) and raised its price target for shares to $89 from $84.