Morgan Stanley Sticks to Their Hold Rating for Park Hotels & Resorts (PK) | Markets Insider
In a report released today, Stephen Grambling from Morgan Stanley maintained a Hold rating on Park Hotels & Resorts (PK – Research Report), with a price target of $16.00. The company’s shares closed yesterday at $13.16.
According to TipRanks, Grambling is a 4-star analyst with an average return of 4.9% and a 58.94% success rate. Grambling covers the Consumer Cyclical sector, focusing on stocks such as DraftKings, Hyatt Hotels, and Las Vegas Sands.
Currently, the analyst consensus on Park Hotels & Resorts is a Moderate Buy with an average price target of $16.57, a 25.91% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Hold rating on the stock with a $14.00 price target.
PK market cap is currently $2.66B and has a P/E ratio of 8.17.
