Truist Securities Maintains Buy on United Parks & Resorts, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Swartz maintains a Buy rating on United Parks & Resorts (NYSE:PRKS) but lowers the price target from $64 to $58.

May 03, 2024 | 2:09 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on United Parks & Resorts but lowers the price target from $64 to $58.
The adjustment in price target by Truist Securities reflects a recalibration of expectations for United Parks & Resorts, likely due to updated financial projections or market conditions. While the reduction in price target could suggest a tempered outlook, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal may lead to short-term market uncertainty for PRKS, but the overall positive stance suggests underlying strength.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100