Nomura Securities Maintains a 'Neutral' on Starwood Hotels & Resorts (HST); Raising Estimates After Q1 Review
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Price: $77.05 --0%
Rating Summary:
10 Buy, 19 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 19 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on Starwood Hotels & Resorts (NYSE: HOT) price target of $60.00.
Analyst, Harry Curtis, said, "Like Marriott (NYSE: MAR) and Host (NYSE: HST), HOT raised its 2012 RevPAR range by 100bps to 6- 8% despite lagging European RevPAR (-2% in 1Q). Key points from conf call: 1) Supply growth should remain very low for three years: 2) CEO warming up to the cash flow of the timeshare business; 3) possibility of HOT selling some of its larger owned hotels. Our new estimates include $103M of Bal Barbour EBITDA this year (and $20M next year), to make them more comparable to Street. 2012E/2013E EPS from $2.19/$2.84 to $2.46/$2.76 vs. Street at $2.38/$2.71, respectively."
For an analyst ratings summary and ratings history on Starwood Hotels & Resorts click here. For more ratings news on Starwood Hotels & Resorts click here.
Shares of Starwood Hotels & Resorts closed at $59.77 yesterday.
Analyst, Harry Curtis, said, "Like Marriott (NYSE: MAR) and Host (NYSE: HST), HOT raised its 2012 RevPAR range by 100bps to 6- 8% despite lagging European RevPAR (-2% in 1Q). Key points from conf call: 1) Supply growth should remain very low for three years: 2) CEO warming up to the cash flow of the timeshare business; 3) possibility of HOT selling some of its larger owned hotels. Our new estimates include $103M of Bal Barbour EBITDA this year (and $20M next year), to make them more comparable to Street. 2012E/2013E EPS from $2.19/$2.84 to $2.46/$2.76 vs. Street at $2.38/$2.71, respectively."
For an analyst ratings summary and ratings history on Starwood Hotels & Resorts click here. For more ratings news on Starwood Hotels & Resorts click here.
Shares of Starwood Hotels & Resorts closed at $59.77 yesterday.
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