Wells Fargo raised the firm’s price target on Park Hotels & Resorts (PK) to $17 from $16 and keeps an Equal Weight rating on the shares. The lodging REITs are coming off a period of limited M&A chatter, and the firm expects the news of interest in Sunstone Hotel (SHO) to also accrue to peers, providing a slightly elevated floor.
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Read More on PK:
- Park Hotels & Resorts provides update on operating trends and capital allocation
- Lodging REIT sector should rally after Bloomberg report on Sunstone, says Stifel
- Park Hotels & Resorts price target raised to $16 from $14.50 at Wells Fargo
- Park Hotels & Resorts declares Q4 dividend of 65c per share
- Park Hotels & Resorts price target raised to $15 from $14 at UBS