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UPDATE: Bank of America Merrill Lynch Upgrades Starwood Hotels & Results on Strong Upside Potential

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In a report published on Wednesday, Bank of America Merrill Lynch analyst Shaun C. Kelley Upgraded Starwood Hotels & Results (NYSE: HOT) from Neutral to Buy and raised the price target from $70 to $84.

In the report, Bank of America Merrill Lynch stated, "We upgrade HOT to Buy given: 1) a solid fundamental positioning, 2) accelerating capital returns and 3) material upside optionality from owned hotel sales."

Starwood Hotels & Results closed Wednesday at $67.81.

Latest Ratings for HOT

DateFirmActionFromTo
Sep 2016CitigroupTerminatesNeutral
Aug 2016CitigroupMaintainsNeutral
Jul 2016Canaccord GenuityTerminatesHold

View More Analyst Ratings for HOT
View the Latest Analyst Ratings

 

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Posted-In: Bank of America Merrill Lynch NYSE Shaun C. Kelley Starwood Hotels & ResortsAnalyst Color Upgrades Analyst Ratings

Latest Ratings

StockFirmActionPT
KALUBenchmarkUpgrades
YEXTDA DavidsonMaintains20.5
BYDB of A SecuritiesMaintains47.0
SAICMorgan StanleyMaintains98.0
PVHMorgan StanleyMaintains104.0
View the Latest Analytics Ratings
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