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Enter Symbol:
 
Starwood Hotels & Resorts Worldwide, Inc. (HOT) [hlAlert]

Rating:
Mkt Perform
HOT
down 54.90 %

Starwood Hotels & Resorts Worldwide, Inc. (HOT) downgraded to Mkt Perform by Wachovia

Posted on: Tuesday,  Dec 9, 2008  9:25 AM ET by Wachovia

Wachovia rated Mkt Perform Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) on 12/09/2008. Previously Wachovia rated Outperform Starwood Hotels & Resorts Worldwide, Inc.
(NYSE: HOT) on 07/17/2008., when the stock price was $37.21. Since then, Starwood Hotels & Resorts Worldwide, Inc. has lost 54.90% as of 12/09/2008's recent price of $16.78.
If you would have followed the previous Wachovia's recommendation on HOT, you would have lost 54.9% of your investment in 145 days.

Starwood Hotels & Resorts Worldwide, Inc. is a hotel and leisure company. The Company?s brand names include St. Regis (luxury full-service hotels, resorts and residences), The Luxury Collection (luxury full-service hotels and resorts), W (luxury and upscale full service hotels, retreats and residences), Westin (luxury and upscale full-service hotels, resorts and residences), Le Meridien (luxury and upscale full-service hotels, resorts and residences), Sheraton (luxury and upscale full-service hotels, resorts and residences), Four Points (select-service hotels), Aloft (select-service hotels) and Element (extended stay hotels). The Company is organized into two business segments: hotels and vacation ownership, and residential operations. In November 2008, the Company and its lifestyle brand, Aloft hotels, announced the opening of Aloft Beijing, Haidian.

Wachovia offers a full range of products and services to meet the needs of corporate and institutional clients nationwide. These include capital raising, market making, and financial advisory products and services, to name just a few. We have the experience and resources you need to help your business grow and succeed. With a unified culture and integrated platform, ours is an organization that executes without distraction. We are focused and proactive, working as a team to deliver the ideas and capital for your needs.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/9/2008 9:25 AM Hold
None
16.78
as of 12/24/2008
1 Week up  15.85 %
1 Month up  48.36 %
3 Months up  27.84 %
1 YTD down  -58.56 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/17/2008 8:25 AM Buy
None
37.21
3/28/2008 8:25 AM Hold
None
51.49

(*) Stock Price at the time of the recommendation.
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