Park Hotels & Resorts gains after BMO lifts to 'outperform'
PK•Street view and recent performance
Four of 18 brokerages rate the stock "buy" or higher, 12 rate it "hold" and two rate it "sell"; their median price target is $15, according to data compiled by LSEG.
As of the last close, the stock had risen 46.3% year to date.
BMO upgrades Park Hotels & Resorts and raises target
Shares of luxury lodging REIT Park Hotels & Resorts PK.N were up about 1% at $15.42 premarket after BMO upgraded the stock to "outperform" from "market perform" and lifted its price target to $18 from $14.
The new price target implies an upside of 17.6% from the stock's last close.
Brokerage cites portfolio transformation and demand outlook
BMO said Park's portfolio transformation and healthy demand outlook support strong growth through 2027.
