Hotel operator Starwood Hotels & Resorts Worldwide, Inc (
) saw its earnings estimates and price target boosted on Monday by
analysts at Goldman Sachs.
The firm said it now expects HOT shares, which had closed at
$54.51 on Friday, to reach $62. Goldman also boosted its earnings
estimates for the company, citing higher RevPAR growth prospects,
while maintaining its "Buy" rating.
Starwood Hotels shares were mostly flat in premarket trading
The Bottom Line
Shares of HOT have a dividend yield of .37%, based on Friday's
closing stock price of $54.51. The stock has technical support in
the $47-$50 price area. If the shares can continue the recent
ascent, we see overhead resistance around the $56-$60 price levels.
We would remain on the sidelines for now.
Starwood Hotels & Resorts Worldwide, Inc (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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