Park Hotels & Resorts downgraded by Truist with a new price target
$PK
Hotels/Resorts
Consumer Discretionary
Truist downgraded Park Hotels & Resorts from Buy to Hold and set a new price target of $11.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/23/2025 | $10.00 | Underweight | Analyst |
| 5/30/2025 | $11.00 | Buy → Hold | Truist |
| 5/16/2025 | $13.00 | Outperform → In-line | Evercore ISI |
| 5/16/2025 | $24.00 | Outperform → In-line | Evercore ISI |
| 4/30/2025 | $11.00 | Neutral → Underperform | BofA Securities |
| 4/9/2025 | $10.00 | Buy → Hold | Jefferies |
| 9/26/2024 | Outperform → Peer Perform | Wolfe Research | |
| 5/15/2024 | $20.00 | In-line → Outperform | Evercore ISI |
Park Hotels & Resorts Inc. (NYSE:PK) ("Park") today announced that it will release its financial results for the second quarter 2025 after the stock market closes on Thursday, July 31, 2025. Park will hold a conference call on Friday, August, 1, 2025 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook. The conference call will be accessible by telephone and through the internet. Interested individuals are invited to participate by following these steps: Telephone: Please dial (877) 451-6152, or (201) 389-0879 for international participants, and request Park Hotels & Resorts' Second Quarter 2025 Earnings Conference Call. I
Park Hotels & Resorts Inc. (NYSE:PK) ("Park") today announced that it has closed on the sale of the 316-room Hyatt Centric Fisherman's Wharf located in San Francisco, CA for $80 million, or $253,000 per key. The sale price represents 64.0x 2024 EBITDA of the hotel. Proceeds from the sale will be used for ongoing return on investment ("ROI") projects in Park's portfolio and for other general corporate purposes. "Despite a challenging transaction market, I am very pleased with the progress we've made toward achieving our strategic objective of disposing $300 million to $400 million of non-core hotel assets in 2025. This initiative reflects our continued commitment to improving the overall qu
Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE:PK) today announced results for the first quarter ended March 31, 2025 and provided an operational update. Selected Statistical and Financial Information (unaudited, amounts in millions, except RevPAR, ADR, Total RevPAR and per share data) Three Months Ended March 31, 2025 2024 Change(1) Comparable RevPAR $ 177.67 $ 178.94 (0.7 )% Comparable Occupancy 69.2 % 71.3 % (2.1) % pts Comparable ADR $ 256.62 $ 250.75 2.3 % Co
4 - Park Hotels & Resorts Inc. (0001617406) (Issuer)
4 - Park Hotels & Resorts Inc. (0001617406) (Issuer)
4 - Park Hotels & Resorts Inc. (0001617406) (Issuer)