Starwood (HOT) Weak But Macro Trends Could Provide Support - Eventually

In the wake of Starwood Hotels & Resorts' (NYSE: HOT) lack luster earnings report, analysts at MKM Partners maintained a Buy rating and price target of $65.00 on the stock.

"We think HOT shares could be weaker, as sentiment continues to sag with RevPAR trends," said analyst Chris Agnew. However, he is more optimistic about trends in 2013 based on MKM's view of the global economy, with leading indicators pointing to upside to GDP, and tight supply conditions in the Lodging industry.

"However, in the near term," says Agnew, "this case will be hard to make and sentiment will likely weigh on the stock."

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 $53.43 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• BofA sees Micron EPS topping $230 by FY30, calls peak fears overblown
• DA Davidson Reiterates Neutral Rating on Brunswick Corp (BC)
• BofA Securities Reiterates Buy Rating on Micron Technology (MU); Sees $230+ in EPS by FY30