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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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November 21, 2014
05:14 EDTHOTStarwood sells Sheraton on the Park in Sydney, Australia for $399M
Starwood Hotels announced it has sold Sheraton on the Park in Sydney, Australia to Sunshine Insurance Group Corporation for $399M. Starwood will continue to operate the hotel as a Sheraton under a long-term management contract.
November 20, 2014
18:02 EDTHOTStarwood declares special dividend of 65c per share
Starwood declared a special dividend of 65c per share. The special dividend will be payable on December 29 to stockholders of record on December 8.
November 18, 2014
11:00 EDTHOTFibraHotel buys Monterrey, Mexico hotel from Starwood
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07:29 EDTMAR, HOT, HDeutsche Bank to hold a conference
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November 17, 2014
10:02 EDTHOT, MAROn The Fly: Analyst Downgrade Summary
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06:05 EDTHOTStarwood downgraded to Neutral from Buy at UBS
UBS downgraded Starwood Hotels to Neutral on signs that RevPAR growth peaked in Q3. The firm adds that Starwood has the most exposure to the slowing high end of the market. It lowered its price target for shares to $79 from $86.
06:02 EDTMARMarriott downgraded to Neutral from Buy at UBS
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November 13, 2014
07:38 EDTHBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
November 11, 2014
14:20 EDTMARMarriott CEO says company not interested in acquiring InterContinental
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