Jefferies analyst David Katz lowered the firm’s price target on Park Hotels & Resorts to $22 from $23 and keeps a Buy rating on the shares. The firm’s view on Lodging stocks going into 2025 is “incrementally positive,” says the analyst, who cites a more stable macro environment, balanced fundamentals, and sustainable growth. The continuing execution of unit and pipeline growth for C-corps and return-on-investment projects for REITs should support higher valuations in the context of an improving interest rate outlook, the analyst tells investors in a group outlook note.
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Read More on PK:
- Park Hotels & Resorts price target raised to $17 from $16 at Wells Fargo
- Park Hotels & Resorts provides update on operating trends and capital allocation
- Lodging REIT sector should rally after Bloomberg report on Sunstone, says Stifel
- Park Hotels & Resorts price target raised to $16 from $14.50 at Wells Fargo
- Park Hotels & Resorts declares Q4 dividend of 65c per share
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
