Hotels, Resorts & Cruise Lines

Marriott International Inc (NASDAQ: MAR) announced it will open the first-ever triple branded hotel, encompassing three different levels of Marriott branded hotels all under one roof. The move aims to consolidate behind the scenes operational costs to reduce ongoing expenses. Marriott broke...

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday June 27, 2016: Medtronic to Acquire Heartware for $58/Share in Cash The Deal:Medtronic plc (NYSE: MDT) and HeartWare International, Inc. (NASDAQ: HTWR) announced Monday, that the companies have agreed...

Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) reported better-than- expected 1Q results, with adjusted EBITDA of $281 million and recurring EPS of $0.70. Canaccord Genuity’s Ryan Meliker downgraded the rating for the company from Buy to Hold, while reducing the price target from $...

Toward the end of trading Friday, the Dow traded up 0.51 percent to 17,775.01 while the NASDAQ climbed 0.67 percent to 4,902.35. The S&P also rose, gaining 0.44 percent to 2,068.81. Leading and Lagging Sectors On Friday, healthcare shares gained by 0.95 percent. Meanwhile, top gainers in the...

Midway through trading Friday, the Dow traded up 0.29 percent to 17,736.59 while the NASDAQ climbed 0.39 percent to 4,888.68. The S&P also rose, gaining 0.18 percent to 2,063.51. Leading and Lagging Sectors On Friday, healthcare shares gained by 0.36 percent. Meanwhile, top gainers in the...

Following the market opening Friday, the Dow traded down 0.61 percent to 17,577.92 while the NASDAQ declined 0.63 percent to 4,839.40. The S&P also fell, dropping 0.69 percent to 2,045.47. Leading and Lagging Sectors On Friday, utilities shares slipped by just 0.3 percent. Meanwhile, top...

Gainers TerraForm Power Inc (NASDAQ: TERP) shares rose 7.51 percent to $9.30 in pre-market trading. Tepper raised stake in Terraform from 9.5 percent to 10.9 percent. Tesla Motors Inc (NASDAQ: TSLA) shares rose 6.63 percent to $245.00 in pre-market trading following Thursday night's Model 3...

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday March 31, 2016: Anbang Confirms it is Walking Away from Proposed Takeover of Starwood; Starwood, Marriott to Go Ahead With Merger The Withdrawn Offer:The consortium led by Anbang Insurance Group Co., Ltd...

Susquehanna’s Rachael Rothman maintained a Positive rating for Marriott International Inc (NASDAQ: MAR), with a price target of $86, saying that the company would be in a strong position with or without the acquisition of Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT). Analyst...

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday March 28, 2016: Starwood Hotels Receives Revised Merger Offer of $82.75/Share from Anbang-Led Group The Offer:Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced Monday that its Board of...

Gainers The Valspar Corp (NYSE: VAL) shares rose 27.45 percent to $106.80 in pre-market trading after Sherwin-Williams Co (NYSE: SHW) agreed to acquire Valspar for $113 per share. Rockwell Medical Inc (NASDAQ: RMTI) shares gained 4.61 percent to $6.35 in pre-market trading after the...

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday March 18 through Sunday March 20, 2016: Anbang-Led Consortium Bids $78.00 Share for Starwood The offer:Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT)announced Friday, ,that it has received a...

Morgan Stanley’s Thomas Allen downgraded the rating on the Lodging Industry to In-Line, mentioning that the stocks had gained 16 percent in the last 30 days. While historical mid-cycle multiples have been in the 11-12x range and lodging companies are better run now, in terms of higher...