NEW YORK (
(AVB - Get Report) shares jumped Wednesday morning while
Starwood Hotels & Resorts Worldwide
(HOT - Get Report) edged slightly lower after analysts at
(AVB - Get Report) offered mixed broker action on the
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 - Get Report) to neutral from buy, maintaining a $33 price target.