Starwood Hotels sees 2013 EPS $2.59-$2.68, consensus $2.64 Sees 2013 adjusted EBITDA $1.115B-$1.1140B. Sees 2013 CapEx $200M for maintenance, renovation and techonology. Sees 2013 in-flight investment projects and joint venture and other investments $350M. Sees 2013 tax rate 32%.
News For HOT From The Last 14 Days
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Starwood downgraded to Market Perform from Outperform at Wells Fargo Wells Fargo downgraded Starwood Hotels to Market Perform saying the CEO's capital allocation strategy is disappointing. The firm keeps an $81-$83 price target range for shares.