Wells Fargo raised the firm’s price target on Park Hotels & Resorts to $18 from $17 and keeps an Equal Weight rating on the shares. Discussing the lodging space, Wells notes that while its 2024 EBITDA is in line with consensus, its Q1 is 4% below, likely on heavier expense assumptions in the soft RevPAR quarter. The firm’s sense is that management teams intend 2024 guides to be conservative, but will likely lean towards fair.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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:
- Park Hotels & Resorts Announces First Quarter 2024 Earnings Conference Call On May 1, 2024
- Park Hotels & Resorts price target raised to $21 from $20 at Truist
- Park Hotels & Resorts price target raised to $24 from $23 at Deutsche Bank
- Park Hotels & Resorts files automatic mixed securities shelf
- Park Hotels & Resorts price target raised to $18 from $14 at UBS