Analyst Ratings for Starwood Hotels & Resorts (HOT) [Buys]

Overall Rating: BUY Rating Trend: = Avg. $ Target: $64.88 (-5.2%)

Date	Firm	Type	Rating (Past)	PT (Past)	Start $	End $	% Chg.	Details
5/23/2013	BofA/Merrill Lynch	Upgrade	Buy (Neutral)	N/A (N/A)	67.81	68.45	0.94%	Details
5/23/2013	Morgan Stanley	Upgrade	Overweight (Equalweight)	N/A (N/A)	67.81	68.45	0.94%	Details
4/9/2013	Macquarie	New Coverage	Outperform (N/A)	73.00 (N/A)	61.98	68.45	10.44%	Details
1/28/2013	Janney Montgomery Scott » Updated 2/11/2013	Upgrade	Buy (Neutral)	68.00 (67.00)	60.89	68.45	12.42%	Details
10/2/2012	Raymond James	Downgrade	Outperform (Strong Buy)	64.00 (68.00)	57.49	68.45	19.06%	Details
9/7/2012	Argus	Upgrade	Buy (Hold)	N/A (N/A)	56.79	68.45	20.53%	Details
7/16/2012	MKM Partners » Updated 10/25/2012	Upgrade	Buy (Neutral)	65.00 (65.00)	50.62	68.45	35.22%	Details
10/3/2011	Wells Fargo	Upgrade	Outperform (N/A)	N/A (N/A)	38.82	68.45	76.33%	Details
9/21/2011	Deutsche Bank » Updated 12/20/2012	New Coverage	Buy (N/A)	61.00 (61.00)	44.00	68.45	55.57%	Details
8/8/2011	Bernstein	Upgrade	Outperform (N/A)	72.00 (N/A)	46.84	68.45	46.14%	Details
7/29/2011	Avondale Partners	Upgrade	Market Outperform (N/A)	66.00 (N/A)	55.36	68.45	23.65%	Details
7/25/2011	JMP Securities	Upgrade	Market Outperform (N/A)	65.00 (N/A)	57.87	68.45	18.28%	Details
1/12/2011	Goldman Sachs » Updated 1/30/2012	Downgrade	Buy (N/A)	65.00 (N/A)	60.55	68.45	13.05%	Details
10/19/2010	Credit Suisse	New Coverage	Outperform (N/A)	N/A (N/A)	55.17	68.45	24.07%	Details
9/22/2010	UBS » Updated 10/28/2011	New Coverage	Buy (N/A)	67.00 (N/A)	53.18	68.45	28.71%	Details

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