Deutsche Bank analyst Chris Woronka raised the firm’s price target on Park Hotels & Resorts to $24 from $23 and keeps a Buy rating on the shares. The analyst has incremental conviction that the stock could continue to gain favor among real estate investment trust dedicated funds following the Q4 report. The firm says a “wider swath of the market” has confidence in Park Hotels’ outlook, particularly as it relates to an attractive dividend yield leverage simultaneously comes down.
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