Park Hotels & Resorts Sees Price Target Hike to $14.00 Despite Downgrade

Park Hotels & Resorts (NYSE:PK) received an upgraded price target from JPMorgan Chase & Co., increasing it to $14.00, up from its previous estimate of $13.00.

The brokerage firm also retained its 'underweight' rating on the stock, indicating a potential downside of 2.81% from its current price of $14.40.

This is not the only upgrade for Park Hotels & Resorts this year; other firms like BMO Capital Markets and Truist Financial have also increased their target prices in recent months.