JPMorgan upgraded Park Hotels & Resorts to Neutral from Underweight with a price target of $16, up from $11. The firm said 2023 was a mixed year for gaming and lodging equities, with the former suffering from U.S. consumer concerns and China macro/geopolitical concerns, and the latter generally benefiting from positive earnings revisions and an appreciation of the compounding nature of same-store RevPAR, net rooms, and license fee growth for the C-corps.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PK:
- Truist updates lodging and leisure price targets following Q3 earnings
- Park Hotels & Resorts price target raised to $15 from $14 at Wells Fargo
- Park Hotels & Resorts Inc. Issues Annual Corporate Responsibility Report and Announces Recent ESG Recognitions
- Park Hotels & Resorts price target raised to $16 from $15 at BofA
- Park Hotels & Resorts Inc. Announces Fourth Quarter Dividend of $0.93 Per Share
