Zacks Analyst Blog Highlights: Starwood Hotels & Resorts Worldwide Inc., Marriott...
Zacks Analyst Blog Highlights: Starwood Hotels & Resorts Worldwide Inc., Marriott International Inc., Baidu.com Inc., Google Inc. and Eastman Chemical Co. CHICAGO--(Business Wire)-- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT), Marriott International Inc. (NYSE: MAR), Baidu.com Inc. (Nasdaq: BIDU), Google Inc. (Nasdaq: GOOG) and Eastman Chem Co. (NYSE: EMN). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579 Here are highlights from Friday's Analyst Blog: Starwood Attractive; Stays a Buy We maintain our Buy rating for Starwood Hotels & Resorts (NYSE: HOT) following the release of Q1 financial results. We consider the company's significant exposure to international markets and concentration in higher-end hotels to be positive attributes that should help Starwood to weather the economic downturn in the U.S. market. Starwood is currently trading at approximately 8.6x our 2008 EBITDA estimate. Marriott International (NYSE: MAR) currently trades at approximately 9.0x our 2008 EBITDA estimate. Given the quality of Starwood's portfolio, we believe that a premium valuation to the peer group average is warranted. Baidu.com has Huge Opportunities Baidu.com (Nasdaq: BIDU), the most popular Internet search engine in China, generates almost 100% of its revenue from online advertising. The company has announced impressive financial results quarter after quarter. According to research firm iResearch, Baidu held 63% of the Chinese search market share compared to Google's (Nasdaq: GOOG) 26%, based on the number of uses in the second quarter of 2008. Furthermore, Baidu has thousands of content partners, constituting the market's largest advertising network in China. EMN: An Impressive Q1 Eastman Chemical Co. (NYSE: EMN) had an impressive first quarter 2008, marked by increasing prices, volume gains and strength in several end markets. The company is likely to benefit from its recent focus on the industrial gasification business. Thus, we rate shares of EMN a Buy. Accordingly, we have set a new price target of $80.00. The company is seeing strong demand in several end markets including PCI, Specialty Plastics, and Fibers. Eastman is hiking prices of major products, a policy that is likely to offset higher operating costs and help earnings. It is undergoing continuous restructuring and cost cutting. Eastman's cash flow situation is improving. The balance sheet is in good shape and the company enjoys good financial flexibility. The management has plans for capital investment. Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=2649. About Zacks Equity Research Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term. Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons. Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=2677 About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4580. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release. Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security. Zacks.com Mark Vickery Web Content Editor 312-265-9380 Visit: www.zacks.com Copyright Business Wire 2008
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