Hudson Securities reiterated its Starwood Hotels & Resorts HOT Buy rating in a research report published today. Hudson Securities has previously given Starwood Hotels & Resorts a $72 price target.
In the report, Hudson Securities states, " In our view, HOT remains the best way in our universe for investors to have exposure to the global hotel sector. The resilience of HOT's earnings outlook in the face of so many economic and geo-political headwinds is impressive. We don't see anything in today's earnings report to make us less positive about the story."
Shares of Starwood Hotels & Resorts were trading at $61.49 at the time of posting, up 1.33% from Wednesday's market close.
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