Time To Sell Starwood Hotels (NYSE:HOT), Stifel Downgrades It

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Starwood Hotels (NYSE:HOT) Downgrade

Stifel decreased shares of Starwood Hotels (NYSE:HOT) from Buy rating to Hold rating in an analyst note shared with investors on Monday, 30 November.

Out of 13 analysts covering Starwood Hotels (NYSE:HOT), 9 rate it “Buy”, 0 “Sell”, while 4 “Hold”. This means 69% are positive. $93 is the highest target while $73 is the lowest. The $85 average target is 17.23% above today’s ($72.51) stock price. Starwood Hotels was the topic in 20 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Credit Agricole downgraded the stock on November 17 to “Outperform” rating. Evercore maintained it with “Buy” rating and $88 target price in a September 7 report. JMP Securities downgraded the shares of HOT in a report on November 17 to “Market Perform” rating. Barclays Capital downgraded the firm’s rating on August 12. Barclays Capital has “Overweight” rating and $85 price target. Finally, Deutsche Bank maintained the stock with “Buy” rating in an October 29 report.

The stock increased 0.18% or $0.13 on November 27, hitting $72.51. Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) has declined 10.75% since April 27, 2015 and is downtrending. It has underperformed by 9.85% the S&P500.

Starwood Hotels & Resorts Worldwide, Inc. is a hotel and leisure company. The company has a market cap of $12.25 billion. The Company’s hotel business is focused on the global operation of hotels and resorts primarily in the luxury and upper upscale divisions of the lodging industry. It has 22.03 P/E ratio. The Firm owns Starwood Vacation Ownership, Inc., a well-known provider of world-class vacation experiences through villa-style resorts and privileged access to Starwood brands.

According to Zacks Investment Research, “Starwood Hotels & Resorts Worldwide, Inc. is one of the world’s largest hotel operating companies. The company conducts their hotel business both directly and through the subsidiaries, including ITT Sheraton Corporation, Starwood Hotels & Resorts and CIGA S.p.A. The brand names include Sheraton, Westin, St. Regis/Luxury Collection, W and Four Points. Through these brands, the company is represented in most major markets of the world.” Get a free copy of the Zacks research report on Starwood Hotels & Resorts Worldwide Inc (HOT)

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