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Strategies & Market Trends : Guidance and Visibility

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To: 2MAR$ who wrote (72932)	9/12/2002 9:59:51 AM
From: Jorj X Mckie	Read Replies (2) of 208838

08:55 ET JP Morgan, Thomas Weisel downgrade select hotel names In addition to JP Morgan's downgrade of MAR mentioned at 8:11, firm downgrades HOT, HMT, and HLT to LONG-TERM BUY from Buy and cuts 2002-03 ests due to the outlook for lower RevPAR and EBITDA growth in 2003. Separately, Thomas Weisel downgrades HLT and HOT to MKT PERFORM from Attractive and cuts Q4 ests due to heightened top line risks in 2H02 and growing concern over the sustainability and duration of the cyclical industry recovery.

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