NEW YORK— Goldman Sachs said analyst Steven Kent cut his ratings on U.S. hotel owners MeriStar Hospitality Corp. and Host Marriott Corp. to market perform from outperform on Oct. 22. In a report, he said Host Marriott shares had fallen 42% and MeriStars stock was off 51% since the Sept. 11 attacks on the United States. “We see no near-term catalysts for share appreciation over the next several months,” Kent said. He added that he believed dividends would be cut more in 2002, resulting in less attractive yields.
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