Marriott International And Starwood Hotels & Resorts Worldwide Sign Amended Merger Agreement
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Canaccord Genuity Raises Price Target on Starwood Hotels (HOT) Following New Marriott (MAR) Offer
March 23, 2016 10:20 AM EDTCanaccord Genuity reiterated a Buy rating on Starwood Hotels & Resorts (NYSE: HOT), and raised the price target of $88.00 (from $76.00), following a new MAR offer. UBS believes that MAR's current offer of $21 in cash and 0.80 MAR shares for every HOT share is the most attractive offer on the table today. Any further offer from Anbang would need to be at or above this... More
Susquehanna Downgrades Starwood Hotels & Resorts (HOT) to Neutral
March 22, 2016 7:40 AM EDTSusquehanna downgraded Starwood Hotels & Resorts (NYSE: HOT) from Positive to Neutral with a price target of $93.00 (from $88.00).
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 $84.19 yesterday.
... MoreMarriott (MAR) Reaffirms FY16 RevPAR, Unit Growth Outlook
March 21, 2016 7:16 AM EDTMarriott International, Inc. (Nasdaq: MAR) announced that it continues to expect strong RevPAR and unit growth in 2016. The company expects comparable systemwide RevPAR on a constant dollar basis in North America, outside North America and worldwide will increase 2 to 4 percent in the first... More
