Barclays analyst Anthony Powell lowered the firm’s price target on Park Hotels & Resorts to $15 from $18 and keeps an Equal Weight rating on the shares. The analyst expects "cautious optimism during earnings" for the U.S. real estate investment trusts saying December lodging RevPAR ended on a "strong note."
Published first on TheFly
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Read More on PK:
- Park Hotels & Resorts downgraded to Underperform from Neutral at SMBC Nikko
- Park Hotels & Resorts reports November RevPAR up 48.9% y-o-y to $156.14
- Park Hotels & Resorts raises Q4 adjusted FFO view to 38c-45c from 35c-43c
- Park Hotels & Resorts Inc. Provides Update on Recent Operating Trends and Capital Allocation Activity
- Park Hotels & Resorts declares Q4 dividend of 25c per share
