Will This Price Target Decrease Hurt Starwood Hotels & Resorts (HOT) Stock Today? - TheStreet

Story updated at 10:10 a.m. to reflect market activity.

NEW YORK (TheStreet) -- Credit Suisse lowered its price target for Starwood Hotels & Resorts (HOT) to $90 from $90.30 Wednesday, reiterating its "outperform" rating.

Shares of Starwood were falling 0.6% to $76 in morning trading.

The analyst firm also lowered its EPS estimates for the hotel and resort company through 2015. The analyst firm now expects Starwood to report earnings of $2.80 a share for full year 2014, down from previous estimates of $2.82 a share. The firm lowered its 2015 EPS estimates to $3.31 a share from $3.33 a share.

"HOT will provide more details on 2015 expectations in February; although it articulated a view of same-store company operated worldwide RevPAR growth of 4%-6%," Credit Suisse analysts wrote. "We see this as conservative and reflecting its global mix, with NA likely performing stronger."

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Separately, TheStreet Ratings team rates STARWOOD HOTELS&RESORTS WRLD as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate STARWOOD HOTELS&RESORTS WRLD (HOT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

You can view the full analysis from the report here: HOT Ratings Report

HOT data by YCharts

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