Morgan Stanley analyst Stephen Grambling raised the firm’s price target on Park Hotels & Resorts to $16 from $13 and keeps an Equal Weight rating on the shares. The firm is “taking some chips off the table” in gaming to reflect a more tempered view going into 2024 and says it sees gaming/lodging/leisure having “another mixed hand into 2024,” the analyst tells investors in a Gaming & Lodging 2024 outlook note.
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Read More on PK:
- Park Hotels & Resorts Announces Fourth Quarter and Full Year 2023 Earnings Conference Call on February 28, 2024
- Park Hotels & Resorts upgraded to Buy from Hold at Jefferies
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- Park Hotels & Resorts affirms FY23 outlook for RevPAR, EBITDA
- Park Hotels & Resorts Update on Recent Operating Trends and Capital Allocation Highlights
