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PK

Park Hotels & Resorts

$25.70

-0.01 (-0.04%)

06:16
09/12/19
09/12
06:16
09/12/19
06:16

Park Hotels & Resorts upgraded to Outperform from In Line at Evercore ISI

PK Park Hotels & Resorts
$25.70

-0.01 (-0.04%)

01/10/19
GSCO
01/10/19
UPGRADE
Target $27
GSCO
Neutral
Park Hotels & Resorts upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst Stephen Grambling upgraded Park Hotels & Resorts to Neutral while lowering his price target for the shares to $27 from $31. The analyst sees 4% downside upside to his 12-month price target, coupled with an 8% dividend yield. Lower competitive supply growth in the company's markets coupled with the company's "idiosyncratic opportunities" to drive growth creates less downside risk, Grambling tells investors in a research note.
03/14/19
NOMU
03/14/19
NO CHANGE
Target $36
NOMU
Buy
Park Hotels & Resorts RevPAR to outperform peers, says Nomura Instinet
Nomura Instinet analyst Brian Dobson expects Park Hotels & Resorts' RevPAR and margin growth to outperform those of its peers through 2020, as the company increases its group mix and engages in property-level enhancements. In addition, addition,Park's exposure to low supply growth cities should bolster the portfolio's pricing power, Dobson tells investors in a research note. He keeps a Buy rating on the shares with a $36 price target.
06/25/19
SOCO
06/25/19
INITIATION
Target $34
SOCO
Overweight
Park Hotels & Resorts initiated with an Overweight at Capital One
Capital One initiated Park Hotels & Resorts with an Overweight and $34 price target.
09/03/19
WELS
09/03/19
NO CHANGE
WELS
Hurricane Dorian should further mute growth for lodging industry, says Wells Fargo
Noting that the lodging industry was already experiencing a relatively week Q3 to date, Wells Fargo analyst Dori Kesten says that the impact of Hurricane Dorian over Labor Day weekend and now this week should further mute growth. Lodging companies with the largest exposure to these coastal markets, as well as Orlando whose airport closed and Miami which is still expected to experience tropical storm force winds, include Ryman Hospitality Properties (RHP), Hyatt Hotels (H), Xenia Hotels & Resorts (XHR), Park Hotels & Resorts (PK), and Hersha Hospitality (HT), with over 10% of rooms exposed, he notes. Excluding Orlando, the analyst believes those with the greatest exposure would be Hersha Hospitality, RLJ Lodging Trust, and Apple Hospitality REIT (APLE).

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