B of A Securities Maintains Neutral on Park Hotels & Resorts, Lowers Price Target to $16.5
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Neutral rating on Park Hotels & Resorts (NYSE:PK) while lowering the price target from $17 to $16.5.
October 21, 2024 | 5:03 pm
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NEGATIVE IMPACT
B of A Securities has maintained a Neutral rating on Park Hotels & Resorts, but lowered the price target from $17 to $16.5, indicating a slightly less optimistic outlook.
The lowering of the price target from $17 to $16.5 by B of A Securities suggests a slightly less optimistic view on Park Hotels & Resorts' future performance. This could lead to a short-term negative impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100