UPDATE: Morgan Stanley Downgrades Starwood Hotels & Resorts To Equal-weight

Morgan Stanley has published a research report on Starwood Hotels & Resorts HOT and has downgraded the company from Overweight to Equal-weight. In the report, Morgan Stanley wrote, "We continue to believe in the current lodging upcycle, as discussed in our note Lowering Estimates on Macro Uncertainty; Downgrade HOT, published today." Morgan Stanley has lowered the price target on Starwood Hotels & Resorts from $71 to $47. Starwood Hotels & Resorts closed Thursday at $40.67.