Marriott International And Starwood Hotels & Resorts Worldwide Sign Amended Merger Agreement
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March 23, 2016 10:20 AM EDT
Canaccord 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
March 22, 2016 7:40 AM EDT
Susquehanna 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.
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March 21, 2016 7:16 AM EDT
Marriott 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
