Markets

Consumer Sector Update for 12/02/2015: EHIC, ALGT, HOT

Top Consumer Shares:

WMT: -1.0%

MCD: -0.2%

DIS: +0.1%

CVS: flat

KO: -0.1%

GE: -0.1%

Consumer shares were mainly lower ahead of the opening bell Wednesday.

In consumer stocks news, Ehi Car Services ( EHIC ), provider of car rentals and services, late Tuesday said it has priced an offering of $200 million in senior unsecured notes. The notes are issued with yield of 7.75%, maturing December 2018, and will bear a fixed interest rate of 7.5% per annum.

Shares in the company were unchanged at $14.56 pre-bell. This is towards the upper end of the stock's 52 week trading range between $7.91 and $19.

Allegiant Travel Company ( ALGT ), a leisure travel company, saw its price target lowered to $195 from $215 by Cowen, while the firm retained its market perform rating on the stock.

Shares in the stock were also unchanged at $178.16 pre-bell, towards the lower end of the company's 52 week trading range between $133.96 and $238.13.

And Starwood Hotels & Resorts ( HOT ) said early Wednesday that its St. Regis brand debuted in Dubai with the opening of the 234-room St. Regis Dubai hotel, located on Sheikh Zayed Road.

The company's shares were flat at $72.84 pre-bell. The stock has traded between $63.99 and $87.99 over the past 52 weeks.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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