What To Know About Barclays's Upgrade of Park Hotels & Resorts
Portfolio Pulse from Benzinga Insights
Barclays has upgraded its rating of Park Hotels & Resorts (NYSE:PK) to Overweight with a price target of $19.00, up from $16.00. The new price target represents a 35.52% increase from the current share price. Park Hotels & Resorts owns upper-upscale and luxury hotels across the United States.
November 06, 2023 | 5:00 pm
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Barclays has upgraded its rating of Park Hotels & Resorts (NYSE:PK) to Overweight with a new price target of $19.00, a 35.52% increase from the current share price.
The upgrade by Barclays is a positive signal for Park Hotels & Resorts. The new price target represents a significant upside from the current share price, which could attract investors and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100