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Stock Market & Financial Investment News

News Breaks
February 11, 2013
08:25 EDTHOTStarwood Hotels price target raised to $73 from $61 at Susquehanna
Susquehanna raised its price target on Starwood Hotels following better than expected Q4 results. The firm cited raised guidance, Asian expansion, and improving global economies. Shares are Positive rated.
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August 1, 2014
09:03 EDTHOTStarwood board increases share repurchase authorization to $1.5B
Starwood Hotels & Resorts Worldwide announced that its board approved a new $1.1B share repurchase authorization. Including approximately $400M remaining under the prior authorization, Starwood’s total share repurchase authorization is now approximately $1.5B. Starwood has repurchased approximately $200M of shares to date in 2014 and expects to accelerate the pace of its repurchases.
July 25, 2014
10:02 EDTHOTOn The Fly: Analyst Downgrade Summary
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05:35 EDTHOTStarwood 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.
July 24, 2014
11:03 EDTHOTStarwood says Q3 North America trends to remain positive
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06:08 EDTHOTStarwood sees Q3 EPS 62c-65c, consensus 67c
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06:07 EDTHOTStarwood sees FY14 adjusted EPS $2.78-$2.85, consensus $2.84
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06:05 EDTHOTStarwood reports Q2 ex. items EPS 77c, consensus 76c
Reports Q2 revenue $1.54B, consensus $1.54B
06:04 EDTHOTStarwood reports Q2 worldwide systemwide REVPAR for same-store hotels up 5.3%
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