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 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.