Jefferies Increases Starwood Hotels Estimates

For 2011, Jefferies is increasing its EBITDA est. on Starwood Hotels & Resorts (NYSE: HOT) to $1,036 million from $1,034 million and its 2012 est. goes to $1,175 from $1,170 million.

“Our EPS estimates for 2011 and 2012 go to $1.92 and $2.51 which is up from $1.74 and $2.32,” Jefferies writes. “We increase FCF estimates for 2011 and 2012 to $3.20 and $3.96 from $2.97 and $3.57.”

Starwood Hotels & Resorts closed Wednesday at $59.91.