Starwood Hotels & Resorts (HOT) Tops Q2 EPS by 6c

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FBR Remains on Sidelines with Starwood (HOT) Post Q2 Earnings

July 26, 2013 7:46 AM EDT

FBR Capital bumped its price target on Starwood Hotels & Resorts (NYSE: HOT) from $67 to $68 following Q2 earnings, but maintained a Market Perform rating on FX headwinds and muted Europe/Asia growth.

"While accelerating share buyback activity is a near-term catalyst, we remain... More