JPMorgan upgraded Strategic Hotels & Resorts (NYSE: BEE) from to Overweight with a price target of $9.00 (from $7.00).
A lot of pressure on Geller to deliver. His job seems to be on the line. The next EPS release in early Nov will tell the story. I think the pps is reacting to a positive report and the fact that US assets are starting to do well.
I bought in today under the radar company last Qtr REV increase brought me in with the upgrade, economy in big urban areas doing much better then the rest of the economy.