JP Morgan Upgrades Park Hotels & Resorts to Neutral, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brandt Montour upgraded Park Hotels & Resorts (NYSE:PK) from Underweight to Neutral and increased the price target from $11 to $16.

December 14, 2023 | 10:10 am
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Park Hotels & Resorts was upgraded by JP Morgan from Underweight to Neutral, with a price target increase from $11 to $16.
The upgrade from Underweight to Neutral by a major analyst like JP Morgan suggests a more favorable outlook for Park Hotels & Resorts, which could lead to increased investor confidence and a potential rise in the stock price in the short term. The increase in the price target from $11 to $16 represents a significant upward revision, further indicating a positive change in the company's valuation according to JP Morgan.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100