September 14, 2024
Over the past three months, a slew of analysts has weighed in on Park Hotels & Resorts (NYSE:PK), sharing a broad spectrum of perspectives on the hospitality giant - from extremely bullish to decidedly bearish.
A closer examination of these ratings reveals a fascinating narrative. The accompanying table provides an at-a-glance summary of recent ratings, showcasing changing sentiments over the past 30 days and contrasting them with previous months for a more comprehensive view.
A review of the ratings from the past month indicates one analyst opted to upgrade to a bullish stance, while another shifted to a somewhat bullish perspective. Notably, the remainder either reaffirmed their neutral position or were noncommittal.
Meanwhile, analysts assessed the 12-month price targets for Park Hotels & Resorts, uncovering an average target of $16.38, with a high estimate of $19.00 and a low estimate of $14.00. What’s more, these targets show a shift towards increased bearishness, as analysts collectively decreased the average price target by 12.64%.
A Deep Dive into Analyst Assessments
Delving deeper into recent analyst actions, we see a tantalizing glimpse into how financial experts perceive Park Hotels & Resorts. The subsequent summary offers a curated selection of key analysts, their recent ratings, and modifications to price targets and ratings.
Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
---|---|---|---|---|---|
Dori Kesten | Wells Fargo | Lowers | Equal-Weight | $14.50 | $17.00 |
Patrick Scholes | Truist Securities | Lowers | Buy | $18.00 | $20.00 |
Robin Farley | UBS | Lowers | Neutral | $14.00 | $18.00 |
Richard Hightower | Evercore ISI Group | Lowers | Outperform | $19.00 | $20.00 |
Market analysts typically act upon shifting market dynamics and business performance. Their revised ratings symbolize reactions to the latest developments - upgrades, downgrades, or maintaining existing ratings.
Insights
This summary paints a detailed portrait of analysts’ recent movements. Every shift offers an essential thread within a larger tapestry, uncovering evolving perceptions around Park Hotels & Resorts. As analysts update their recommendations, they present a continually shifting map - responding to market headwinds or uplifts.
The nuances surrounding recent action taken by financial experts underscore the dynamic interaction between analysts’ perceptions and developments affecting Park Hotels & Resorts. Tracking shifts in their position serves as a valuable lens through which to observe and understand real-time sentiment recalibrations.
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