JP Morgan Maintains Underweight on Park Hotels & Resorts, Raises Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brandt Montour maintains an Underweight rating on Park Hotels & Resorts (NYSE:PK) and raises the price target from $12 to $13.
June 06, 2023 | 12:04 pm
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NEUTRAL IMPACT
JP Morgan maintains an Underweight rating on Park Hotels & Resorts (NYSE:PK) and raises the price target from $12 to $13.
The news directly mentions Park Hotels & Resorts (NYSE:PK) and the price target increase by JP Morgan. However, the Underweight rating remains unchanged, indicating that the analyst still expects the stock to underperform. The short-term impact on the stock price is likely to be neutral as the price target increase is offset by the maintained Underweight rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100