NEW YORK— JP Morgan has started coverage of the lodging sector, including Starwood Hotels & Resorts Worldwide and Hilton Hotels Corp., both of which it rated as “Buy, according to a Reuters report. “We are initiating research coverage on the lodging sector with the opinion that several stocks will outperform the Standard & Poors 500 in the next 12-24 months, the brokerage stated. JP Morgan rated Marriott International a “Long Term Buy. It also gave Host Marriott Corp. and FelCor Lodging Trust “Buy ratings. “We believe current strength is in leisure demand and from better than expected margins, JP Morgan reported according to the news agency. Source:Reuters
