wwwPosted Jul 14th 2008 9:27AM by Paul Foster
Filed under: Analyst upgrades and downgrades, Starwood Hotels Worldwide (HOT), Options
Starwood (NYSE: HOT) was downgraded to Sell at Goldman Sachs.
Goldman says: "due to valuation and given that we expect fundamentals to start deteriorating in both the higher end segments of the lodging industry as well as international markets."
HOT overall option implied volatility of 55 is above its 26-week average of 45 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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