Morgan Stanley has revised its price target for Park Hotels & Resorts (PK, Financial), reducing it from $12 to $10. Despite this downward adjustment, the firm maintains an Equal Weight rating on the company’s shares. This realignment reflects a broader reassessment by Morgan Stanley of the lodging and timeshare sectors.
The adjustment comes as the firm observes weaker demand indicators in these sectors. In response, Morgan Stanley has adjusted its multiples to better align with current market conditions. These factors have prompted the firm to modify its outlook for the stocks under its coverage, with Park Hotels & Resorts being among those affected.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Park Hotels & Resorts Inc (PK, Financial) is $14.23 with a high estimate of $20.00 and a low estimate of $10.00. The average target implies an upside of 47.01% from the current price of $9.68. More detailed estimate data can be found on the Park Hotels & Resorts Inc (PK) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Park Hotels & Resorts Inc's (PK, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Park Hotels & Resorts Inc (PK, Financial) in one year is $15.67, suggesting a upside of 61.88% from the current price of $9.68. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Park Hotels & Resorts Inc (PK) Summary page.
