Truist lowered the firm’s price target on Park Hotels & Resorts to $11 from $12 and keeps a Hold rating on the shares as part of a broader research note previewing Q4 earnings in Lodging names. The firm is revising its estimates in order to reflect changes to room count account for lease expirations and renovations, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PK:
- Park Hotels & Resorts price target raised to $11 from $10 at JPMorgan
- Park Hotels & Resorts price target lowered to $10 from $12 at Morgan Stanley
- Barclays Says Buy the Dip in 2 Hotel REIT Stocks With Up to 9% Dividend Yield
- Park Hotels & Resorts initiated with an Overweight at Barclays
- Park Hotels & Resorts Updates Investor Strategy