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Stock Market & Financial Investment News

News Breaks
June 18, 2014
07:31 EDTHOT, MAR, HJPMorgan sees further upside to lodging stocks
JPMorgan believes the positive RevPAR growth cycle in the lodging space has further room to run as do the stocks in the sector. The firm raised its price target for Marriott (MAR) shares to $70 from $65, for Starwood (HOT) to $87 from $85 and for Hyatt Hotels (H) to $66 from $63. JPMorgan keeps Overweight ratings on all three names.
News For MAR;HOT;H From The Last 14 Days
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December 18, 2014
10:51 EDTHOTStarwood has $100M claim against Cuba, says Wells Fargo
Wells Fargo notes the Foreign Claim Settlement Commission certified in 2005 a claim for Starwood (HOT) against Cuba in the amount of $51.1M plus interest, implying a market value today of over $100M. Starwood has 500-plus acres of land around Havana that was seized in 2003. InterContinental (IHG) holds a certified $2.6M claim from 1959-1961, which equates to about $60M today, Wells adds. The firm does not expect the claims will be collected, but notes that if the embargo on Cuba is one day lifted, it's possible they could be traded for concessions or development entitlements.
10:01 EDTMAR, HOTOn The Fly: Analyst Initiation Summary
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06:34 EDTHHyatt Hotels initiated with a Buy at Evercore ISI
Target $66.
06:34 EDTHOTStarwood initiated with a Buy at Evercore ISI
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06:34 EDTMARMarriott initiated with a Hold at Evercore ISI
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December 16, 2014
17:28 EDTHHyatt Hotels to relocate global headquarters to Chicago’s West Loop neighborhood
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December 15, 2014
09:19 EDTHOTStarwood signs agreement with Hoteli Dubrovačka Rivijera to open Sheraton
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06:22 EDTMARMarriott price target raised to $88 from $76 at Citigroup
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December 11, 2014
19:16 EDTHHyatt Hotels increases share repurchase authorization by $400M
Hyatt Hotels Corporation announced that the company's board authorized the repurchase of up to an additional $400M of the company's common stock. As of December 11, the company had approximately $465M available under its share repurchase authorization, including the $400M authorized on December 11.
December 9, 2014
08:18 EDTHOTStarwood to debut first Luxury Collection hotel in Japan
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05:11 EDTHHyatt enters franchise agreement to open Hyatt Regency Naha, Okinawa
Hyatt Hotels announced that a Hyatt affiliate has entered into a franchise agreement with PHR Okinawa Hotel Management, a subsidiary of Ken Corporation, for a Hyatt Regency hotel in Naha, Okinawa. Expected to open in late 2015, Hyatt Regency Naha, Okinawa will mark the first Hyatt-branded hotel on the island of Okinawa, Japan.
December 8, 2014
07:09 EDTHOT, MARStarwood price target raised to $85-$90 from $77-$82 at Wells Fargo
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