Why Starwood Hotels & Resorts Worldwide (HOT) Stock Is Down In Pre-Market Trading Today

NEW YORK (TheStreet) --Shares of Starwood Hotels & Resorts Worldwide Inc. (HOT) are down -1.40% to $78 in pre-market trading on Friday after the company issued weak 2014 third quarter guidance.

The hotel and leisure company said it is expecting earnings per share to be between 62 cents and 65 cents, compared to the expectations of analysts polled by Thomson Reuters of 67 cents per share.

Additionally, Starwood Hotels was downgraded to "market perform" from "outperform" at Wells Fargo (WFC), as the firm feels the company lacks near-term catalysts.

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Wells Fargo kept its $81 to $83 price target on the stock.

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 reasonable valuation levels, solid stock price performance, 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 has had sub par growth in net income."

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