Strategic Hotels & Resorts (BEE) Up 3% After Robert W. Baird Upgrade

Shares of Strategic Hotels & Resorts Inc

ended Monday trading up 3.03% at $5.10 per share and continued edging upwards during after hours trading. The company's stock was upgraded by Robert W. Baird & Co. to a rating of Neutral and its price target was raised to $5. Strategic Hotels & Resorts Inc opened Monday morning at $5.03 per share, then fell far below its opening price in early afternoon trading before recovering its gains later in the afternoon. The stock traded between $4.77 and $5.16 per share. Volume of 9.4 million shares was nearly triple its the daily average volume of 3.4 million shares. Strategic Hotels & Resorts Inc has a 52 week trading range of 94 cents to $6.97 per share and a market capitalization of $384 million.