Starwood Hotels raises share repurchase authorization by $500M Starwood Hotels announced that the company’s share repurchase authorization has increased by an additional $500M. As of February 13,the total amount available under the authorization is approximately $680M.
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.