NEW YORK— Analyst Steven Kent, hospitality analyst at Goldman Sachs, has continued to keep his ‘buy’ rating on Four Seasons stock, noting the stock’s valuation has become more compelling after its 32% drop since early July. Kent says concerns about the Middle East and an economic slowdown have created a terrific opportunity for the hotel operator to enhance its position as a great brand builder. He stated the company, and luxury travel, may temporarily slow but will not disappear. Four Season’s stock is currently selling at a discount, said Kent, adding he predicts $0.94 2002 earnings per share. SOURCE: Business Week
