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Park Hotels & Resorts (PK) Gets a Buy from Barclays

Tipranks - Tipranks - Wed Jan 7, 4:00AM CST

Barclays analyst Richard Hightower initiated coverage with a Buy rating on Park Hotels & Resorts on January 2 and set a price target of $13.00. The company’s shares closed yesterday at $10.77.

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Hightower covers the Real Estate sector, focusing on stocks such as Agree Realty, W. P. Carey Inc., and Gaming and Leisure. According to TipRanks, Hightower has an average return of -2.5% and a 36.18% success rate on recommended stocks.

Park Hotels & Resorts has an analyst consensus of Moderate Buy, with a price target consensus of $11.93.

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Based on Park Hotels & Resorts’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $610 million and a GAAP net loss of $16 million. In comparison, last year the company earned a revenue of $649 million and had a net profit of $54 million

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