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STWD

Starwood Property

$22.37

-0.24 (-1.06%)

, MAR

Marriott

$115.38

-6.4 (-5.26%)

14:57
11/30/18
11/30
14:57
11/30/18
14:57

Starwood Property Trust says not impacted by Marriott data breach

Starwood Property Trust (STWD) responded to investor inquires and confirmed that the company has not been impacted in any way by Marriott International, Inc.'s (MAR) publicly announced data breach involving its guest reservation database for its Starwood-branded hotels. Starwood Property Trust is wholly unaffiliated with Marriott International, Inc.

STWD

Starwood Property

$22.37

-0.24 (-1.06%)

MAR

Marriott

$115.38

-6.4 (-5.26%)

  • 30

    Nov

  • 05

    Dec

STWD Starwood Property
$22.37

-0.24 (-1.06%)

03/27/18
RAJA
03/27/18
INITIATION
Target $24
RAJA
Outperform
Starwood Property initiated with an Outperform at Raymond James
Raymond James initiated Starwood Property with an Outperform and $24 price target.
09/21/18
JPMS
09/21/18
INITIATION
Target $23
JPMS
Overweight
Starwood Property initiated with an Overweight at JPMorgan
JPMorgan analyst Richard Shane started Starwood Property Trustwith an Overweight rating and $23 price target. The analyst sees the company benefiting from its "superior funding costs" and resources from Starwood Capital Group.
MAR Marriott
$115.38

-6.4 (-5.26%)

11/27/18
11/27/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Disney (DIS) upgraded to Outperform from In-Line at Imperial Capital with analyst David Miller saying while fiscal 2019 should be a "transitional year," fiscal 2020 brings an "abundance of catalysts." 2. Citizens Financial (CFG) upgraded to Outperform from Neutral at Macquarie. 3. Parsley Energy (PE) upgraded to Buy from Neutral at Goldman Sachs with analyst John Nelson saying greater appreciation of the the company's free cash flow inflection in the second half of 2019 should drive improved investor sentiment. 4. Taubman Centers (TCO) was upgraded to Sector Perform from Underperform at Scotiabank and to Equal Weight from Underweight at Morgan Stanley. 5. Marriott (MAR) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Stephen Grambling saying the stock has been penalized recently amid Starwood integration issues, but these will prove temporary and position Marriott better in the future. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/30/18
JEFF
11/30/18
NO CHANGE
Target $124
JEFF
Hold
Marriott financial impact from breach likely marginal, says Jefferies
After Marriott disclosed it is investigating a data security incident involving a Starwood guest reservation database that contains information on up to approximately 500M guests, including approximately 327M of whom may have had sensitive information accessed, Jefferies analyst David Katz said he believes the announcement will pressure shares in the near-term, but he does not expect a meaningful financial impact either in the near-term or long term-term. While he thinks any revisions to estimates will be marginal, Katz does think "it is prudent to contemplate" the possibility for near-term, headline-driven apprehension in new bookings, the possible medium- to longer-term impact of customers leaving to competitors and the near-term expenses and any potential charges or settlements. He keeps a Hold rating on Marriott shares, citing valuation, with a $124 price target.
11/30/18
JPMS
11/30/18
NO CHANGE
JPMS
Marriott data breach impact too early to quantify, says JPMorgan
11/30/18
JPMS
11/30/18
NO CHANGE
JPMS
Overweight
Comparison of Marriott breach to Equifax a 'much too dire' view, says JPMorgan
JPMorgan analyst Joseph Greff believes it is "way too early" to quantify the financial impact to Marriott (MAR) of the company's data breach, which he notes is large in terms of number of guests and "deep" in terms of the types of data - such as passport, credit card and address information - that may have been exposed. Marriot shares appear to be to be pricing in a "sizable permanent impact," given that the roughly 6% pullback implies $130M-$135M in lost net income using its current 2019 P/E multiple, Greff tells investors. His general view is that any damage done to the brand longer-term will likely be minimal, if there is any at all, adding that "consumers are growing somewhat numb to these events." In his conversations today, the "kneejerk comparison" has been to Equifax's (EFX) breach last year, but that comparison "is (much) too dire," Greff believes. He maintains an Overweight rating on Marriott shares.

TODAY'S FREE FLY STORIES

TGT

Target

$110.86

0.27 (0.24%)

06:38
11/20/19
11/20
06:38
11/20/19
06:38
Hot Stocks
Breaking Hot Stocks news story on Target »

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  • 20

    Nov

AVY

Avery Dennison

$131.42

0.26 (0.20%)

06:38
11/20/19
11/20
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Hot Stocks
Avery Dennison to acquire Smartrac's RFID Inlay business for EUR225M »

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TGT

Target

$110.86

0.27 (0.24%)

06:37
11/20/19
11/20
06:37
11/20/19
06:37
Earnings
Breaking Earnings news story on Target »

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  • 20

    Nov

ADSK

Autodesk

$164.53

2.08 (1.28%)

06:37
11/20/19
11/20
06:37
11/20/19
06:37
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Autodesk analyst commentary  »

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  • 26

    Nov

QIWI

Qiwi

$20.14

0.38 (1.92%)

06:36
11/20/19
11/20
06:36
11/20/19
06:36
Earnings
Qiwi raises FY19 adjusted revenue growth view to 15%-19% from 9%-15% »

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  • 20

    Nov

  • 09

    Dec

TGT

Target

$110.86

0.27 (0.24%)

06:35
11/20/19
11/20
06:35
11/20/19
06:35
Earnings
Target sees Q4 adj. EPS $1.54-$1.75, consensus $1.65 

Sees Q4 SSS up 3%-4%.

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  • 20

    Nov

TJX

TJX

$60.66

1.12 (1.88%)

06:34
11/20/19
11/20
06:34
11/20/19
06:34
Recommendations
TJX analyst commentary  »

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  • 05

    Dec

T

AT&T

$38.00

-1.61 (-4.06%)

06:34
11/20/19
11/20
06:34
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06:34
Recommendations
AT&T analyst commentary  »

KeyBanc data shows…

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  • 09

    Dec

  • 09

    Dec

  • 29

    Jan

LLY

Eli Lilly

$115.13

1.04 (0.91%)

06:34
11/20/19
11/20
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06:34
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Eli Lilly to invest $400M in Indianapolis manufacturing facilities »

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  • 17

    Dec

  • 30

    Jan

TGT

Target

$110.86

0.27 (0.24%)

06:33
11/20/19
11/20
06:33
11/20/19
06:33
Earnings
Target reports Q3 adj. EPS $1.36, consensus $1.19 »

Reports Q3 revenue…

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  • 20

    Nov

CDXC

ChromaDex

$3.49

0.19 (5.76%)

06:33
11/20/19
11/20
06:33
11/20/19
06:33
Hot Stocks
ChromaDex: EC votes in favor on Nicotinamide Riboside Chloride as a novel food »

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QIWI

Qiwi

$20.14

0.38 (1.92%)

06:33
11/20/19
11/20
06:33
11/20/19
06:33
Earnings
Qiwi reports Q3 EPS 29c, one estimate 33c »

Reports Q3 adjusted…

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03/08/13
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03/06/13
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03/06/13
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  • 20

    Nov

  • 09

    Dec

EVRG

Evergy

$64.79

-0.19 (-0.29%)

06:29
11/20/19
11/20
06:29
11/20/19
06:29
Downgrade
Evergy rating change  »

Evergy downgraded to…

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RES

RPC, Inc.

$3.84

-0.015 (-0.39%)

06:26
11/20/19
11/20
06:26
11/20/19
06:26
Downgrade
RPC, Inc. rating change  »

RPC, Inc. downgraded to…

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QD

Qudian

$5.63

-0.295 (-4.98%)

06:24
11/20/19
11/20
06:24
11/20/19
06:24
Downgrade
Qudian rating change  »

Qudian downgraded to…

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WE

We Company

$0.00

(0.00%)

, SFTBF

SoftBank

$0.00

(0.00%)

06:22
11/20/19
11/20
06:22
11/20/19
06:22
Periodicals
WeWork began layoffs on Monday, Business Insider reports »

WeWork's layoffs…

WE

We Company

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

(0.00%)

SFTBY

SoftBank

$0.00

(0.00%)

03/08/13
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03/06/13
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BRY

Berry Petroleum

$8.90

-2.405 (-21.27%)

06:21
11/20/19
11/20
06:21
11/20/19
06:21
Downgrade
Berry Petroleum rating change  »

Wells Fargo downgrades…

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BBCP

Concrete Pumping

$3.88

0.17 (4.58%)

06:21
11/20/19
11/20
06:21
11/20/19
06:21
Conference/Events
Concrete Pumping management to meet with William Blair »

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  • 20

    Nov

EVRG

Evergy

$64.79

-0.19 (-0.29%)

06:20
11/20/19
11/20
06:20
11/20/19
06:20
Downgrade
Evergy rating change  »

Evergy downgraded to…

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M

Macy's

$15.03

-1.85 (-10.96%)

06:20
11/20/19
11/20
06:20
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06:20
Periodicals
Macy's confirms 'targeted data security incident' impacted customers, WSJ says »

Macy's says customer…

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  • 21

    Nov

AL

Air Lease

$45.16

0.435 (0.97%)

06:20
11/20/19
11/20
06:20
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06:20
Conference/Events
Air Lease management to meet with Stephens »

Group Luncheon Meeting to…

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  • 20

    Nov

BRY

Berry Petroleum

$8.90

-2.405 (-21.27%)

06:19
11/20/19
11/20
06:19
11/20/19
06:19
Downgrade
Berry Petroleum rating change  »

KeyBanc downgrades Berry…

03/08/13
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03/06/13
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03/06/13
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XGN

Exagen

$19.25

-0.04 (-0.21%)

06:19
11/20/19
11/20
06:19
11/20/19
06:19
Conference/Events
Exagen management to meet with William Blair »

Meeting to be held in…

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  • 20

    Nov

WWW

Wolverine World Wide

$32.86

-0.61 (-1.82%)

06:17
11/20/19
11/20
06:17
11/20/19
06:17
Conference/Events
Wolverine World Wide management to meet with Wedbush »

Meeting to be held in…

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  • 20

    Nov

  • 02

    Dec

GM

General Motors

$36.39

-0.23 (-0.63%)

06:17
11/20/19
11/20
06:17
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06:17
Periodicals
GM not liable for punitive damages in ignition switch cases, Reuters reports »

General Motors is not…

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