NEW YORK (TheStreet) -- AvalonBay Communities (AVB) shares jumped Wednesday morning while Starwood Hotels & Resorts Worldwide (HOT) edged slightly lower after analysts at Goldman Sachs (AVB) offered mixed broker action on the real estate stocks.
Goldman analyst Steven Kent downgraded shares of Starwood to a buy rating, removing the hotel operator from its prestigious conviction buy list.
Kent cited Starwood's valuation, pointing out that its stock has appreciated more than 60% from a year ago.
Starwood shares were 0.5% lower at $60.24.Goldman analyst Jonathan Habermann issued an upgrade on AvalonBay shares to buy from neutral.
(HCP) to neutral from buy, maintaining a $33 price target.
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