Starwood Hotels upgraded to Buy from Neutral at Janney Capital Janney Capital upgraded Starwood Hotels due to improving lodging fundamentals and potential asset sales. Price target raised to $67 from $55.
Starwood June calls active Starwood June 85 and 87.5 calls active on total call volume of 18K contracts (2K puts). May weekly option implied volatility is at 22, June and August is at 24; compared to its 26-week average of 27. Active call volume suggests traders taking positions for price movement.
Starwood to debut in Myanmar with signing of Sheraton Yangon Hotel Starwood Hotels & Resorts Worldwide announced its market debut in the Republic of the Union of Myanmar with the signing of Sheraton Yangon Hotel, a new build property in the dynamic capital city. Located in the Tamwe Township, near Kandawgyi Lake, the Sheraton Yangon Hotel will feature 375 guest rooms outfitted with signature brand amenities.