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Stock Market & Financial Investment News

News Breaks
April 25, 2013
06:44 EDTHOT, H, WYN, RLH, HST, MARHotel owners fear sequester effects, The Hill says
Hundreds of hotel owners who fear that flight delays caused by the sequester could cripple their businesses this summer lobbied Congress on the issue yesterday, according to The Hill. Reference Link
News For MAR;H;HST;WYN;HOT;RLH From The Last 14 Days
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April 23, 2015
16:24 EDTRLHRed Lion Hotels to acquire GuestHouse International, Settle Inn network
Red Lion Hotels Corporation, or RLHC, announced the company has entered into a definitive agreement to acquire the intellectual property assets and all hotel franchise license agreements of GuestHouse International, L.L.C. for $8.5M plus a potential additional payment of up to $1.5M. The acquisition will expand RLHC's presence across the country by adding two recognized hotel brands with 73 GuestHouse International and Settle Inn & Suites franchise license agreements. The transaction, which is expected to close on April 30, will more than double the RLHC brand portfolio from 57 to 130 hotels in 30 states. According to the terms of the agreement, RLHC will acquire the franchise license agreements on all 73 of the franchised hotels in the GuestHouse and Settle Inn network for payments of up to $10M. Of this amount, $8.5M will be funded at closing, and some or all of the remaining balance will be paid out six months following closing based upon achievement of mutually agreed performance targets. The company plans to use a portion of the cash proceeds from the recent sale of its Bellevue property to fund the acquisition.
15:00 EDTHNotable companies reporting after market close
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April 22, 2015
10:02 EDTMAROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded on post-merger outlook at Bernstein... Amazon.com (AMZN) upgraded to Buy, price target raised to $450 at Monness Crespi... BNP Paribas (BNPQY) upgraded to Overweight from Equal Weight at Morgan Stanley... Dolby (DLB) upgraded to Overweight from Neutral at JPMorgan... First Defiance (FDEF) upgraded to Outperform from Market Perform at Raymond James... Gran Tierra (GTE) upgraded to Buy from Neutral at Dundee... Grupo Aval (AVAL) upgraded to Buy from Neutral at Goldman... Manhattan Associates (MANH) upgraded to Buy from Hold at Benchmark Co.... Marriott (MAR) upgraded to Buy from Neutral at MKM Partners... Masco (MAS) upgraded to Outperform from Market Perform at FBR Capital... Nokia (NOK) upgraded on post-merger outlook at Bernstein... Packaging Corp. (PKG) upgraded to Buy from Hold at Deutsche Bank... Rayonier (RYN) upgraded to Sector Perform from Underperform at RBC Capital... Rogers Communications (RCI) upgraded to Buy from Neutral at BofA/Merrill... Sanofi (SNY) upgraded to Neutral from Sell at Citigroup... Select Comfort (SCSS) upgraded to Outperform from Neutral at Wedbush... UniCredit (UNCFF) upgraded to Buy from Sell at Berenberg... Zions Bancorp (ZION) upgraded to Outperform from Market Perform at FBR Capital.
06:13 EDTMARMarriott upgraded to Buy from Neutral at MKM Partners
MKM Partners upgraded Marriott to Buy with a $100 price target due to valuation.
April 20, 2015
16:46 EDTHHyatt Hotels appoints interim CFO
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April 17, 2015
10:57 EDTHOTActivist rumored to push for InterContinental, Starwood merger, Betaville says
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07:23 EDTWYN, HOTStarwood has look of activist target, Bloomberg says
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April 16, 2015
09:15 EDTHSTEvercore ISI to hold a tour
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06:08 EDTHOTStarwood to launch Tribute affiliated hotel group, WSJ reports
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April 14, 2015
06:08 EDTHOTStocks with implied volatility above IV index mean; GMCR HOT
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April 13, 2015
13:32 EDTRLHRed Lion Hotels management to meet with Craig-Hallum
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10:00 EDTHSTOn The Fly: Analyst Upgrade Summary
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08:12 EDTHSTHost Hotels upgraded at Evercore ISI
As previously reported, Evercore ISI upgraded Host Hotels to Buy from Hold. The firm upgraded shares with a $22 price target based on relative underperformance and low expectations heading into earnings.
06:59 EDTHSTHost Hotels upgraded to Buy from Hold at Evercore ISI
06:00 EDTHOTStocks with implied volatility above IV index mean; DDD HOT
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