Barclays raised the firm’s price target on Park Hotels & Resorts to $22 from $21 and keeps an Overweight rating on the shares. The company’s property tours and presentations in Orlando demonstrated the positive impact of return on investment projects on the portfolio, with a nice pipeline of additional projects in the future, the analyst tells investors in a research note. The firm says the extent of Park’s recent portfolio improvement may be underappreciated by the market.
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