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Downgrade Alert for Starwood Hotels & Resorts (HOT)

By Shiri Gupta

Starwood Hotels & Resorts (NYSE:HOT) was downgraded from Outperform to Neutral at Macquarie today. The stock closed yesterday at $82.29 on volume of 2.3 million shares, below average daily volume of 7.0 million.

Starwood Hotels & Resorts (NYSE:HOT) has potential upside of 3.1% based on a current price of $82.29 and analysts' consensus price target of $84.81. The stock should find initial support at its 50-day moving average (MA) of $77.02 and further support at its 200-day MA of $72.25.

Starwood Hotels & Resorts Worldwide, Inc. owns, manages, and franchises luxury and upscale hotels throughout the world. The Company also develops and operates vacation interval ownership resorts.

Starwood Hotels & Resorts share prices have moved between a 52-week high of $87.66 and a 52-week low of $56.87 and closed yesterday at 45% above that low price at $82.29 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

SmarTrend is tracking the current trend status for Starwood Hotels & Resorts and will alert subscribers who have HOT in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades starwood hotels & resorts

Ticker(s): HOT