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 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.