Hudson Securities On HOT 1Q11 Earnings Preview

Hudson Securities has published a report previewing the 1Q11 Earnings for Starwood Hotels & Resorts HOT. The report states, "Our current EPS estimate is $0.26, which is a penny above the Street and at the high-end of the guidance of $0.22-$0.26. We are comfortable heading into the earnings report based on the strong industry data we've been tracking through the quarter. While MAR's 1Q RevPAR blip may have alarmed some investors, we believe those issues were MAR-specific and related to MAR's heavier market presence in NY and DC and their higher exposure to group business." HOT is Buy rated and has a $72 Price Target. HOT closed at $60.28 a share yesterday.