Wells Fargo Keeps Their Hold Rating on Park Hotels & Resorts (PK)

Wells Fargo analyst Dori Kesten maintained a Hold rating on Park Hotels & Resorts today and set a price target of $12.00. The company’s shares closed yesterday at $11.09.

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Kesten covers the Real Estate sector, focusing on stocks such as Regency Centers, Kite Realty Group, and Federal Realty. According to TipRanks, Kesten has an average return of 8.9% and a 62.11% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Park Hotels & Resorts with a $11.93 average price target, which is a 7.57% upside from current levels. In a report released on October 1, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $11.50 price target.

Based on Park Hotels & Resorts’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $672 million and a GAAP net loss of $5 million. In comparison, last year the company earned a revenue of $686 million and had a net profit of $64 million