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Lodging Upgrades

Date
Ticker
Analyst
Old Rating
New Rating
12/16/2010
HOT
Baird
Underperform
Neutral
12/03/2010
IHG
Goldman Sachs
Neutral
Buy
11/10/2010
IHG
Deutsche Bank
Sell
Hold
10/26/2010
MAR
Bernstein
Market Perform
Outperform

Lodging Downgrades

Date
Ticker
Analyst
Old Rating
New Rating
11/17/2010
SVN
Morgan Stanley
Overweight
Equalweight
11/10/2010
IHG
Barclays
Overweight
Equalweight PT £1250
11/10/2010
IHG
Natixis
Buy
Neutral
10/29/2010
HOT
Baird
Neutral
Underperform

Lodging New Coverages

Date
Ticker
Analyst
Rating
12/17/2010
CHH
Buckingham Research
Neutral
12/10/2010
BofA/Merrill Lynch
Underperform
12/02/2010
OEH
MKM Partners
Neutral
11/23/2010
SVN
JPMorgan
Overweight

Lodging Earnings

Date
Company
Actual
Expected
02/08/2012
0.47
0.44
02/07/2012
0.10
0.15
02/02/2012
0.71
0.57
12/15/2011
0.10
0.09

On This Date

December 30, 1999:
The Nasdaq closed above 4,000 for the first time less than two months after its first close above 3,000. It ended up 84% for the year overall.

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