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Stock Market & Financial Investment News

News Breaks
May 6, 2014
08:10 EDTHOTStarwood Hotels aims for 70 hotels, resorts across Canada over 12 months
Starwood Hotels announced that it will expand its Canadian portfolio to 70 hotels within the next 12 months. The Aloft Calgary University, Starwood’s first Aloft hotel in Western Canada, opened last month, following the February opening of Four Points Waterloo-Kitchener Hotel & Suites. The momentum continues with the upcoming openings of Four Points Regina, Four Points Surrey, Four Points Moncton and the Element Vancouver Metrotown. This activity comes after a "strong" FY13, which included the openings of Four Points Edmonton International Airport, Four Points Kelowna Airport, Four Points Edmundston and Element Vaughan Southwest, maintaining Canada’s position as Starwood’s 2nd largest market outside the U.S
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August 15, 2014
10:01 EDTHOTOn The Fly: Analyst Upgrade Summary
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05:31 EDTHOTStarwood 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.

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