Citi analyst Nick Joseph lowered the firm’s price target on Park Hotels & Resorts to $13 from $16 and keeps a Buy rating on the shares. The firm updated the company’s model post the Q1 report to reflect updated operating, RevPAR, and interest rate assumptions. Citi’s valuation now assumes the shares trade in line with the group, but slightly below Park’s longer-term historical average.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PK:
- Park Hotels & Resorts downgraded to In Line from Outperform at Evercore ISI
- Park Hotels & Resorts price target lowered to $11 from $13 at Wedbush
- Park Hotels & Resorts Reports Q1 2025 Results
- Park Hotels & Resorts Earnings Call: Mixed Sentiments and Strategic Moves
- Hold Rating for Park Hotels & Resorts Amid Revised Guidance and Macroeconomic Concerns