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Deutsche Bank Reaffirms Their Buy Rating on Park Hotels & Resorts (PK)

Tipranks - Tipranks - Wed Jan 14, 5:36AM CST

Deutsche Bank analyst maintained a Buy rating on Park Hotels & Resorts yesterday and set a price target of $16.00. The company’s shares closed yesterday at $11.40.

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Currently, the analyst consensus on Park Hotels & Resorts is a Moderate Buy with an average price target of $12.44, implying a 9.12% upside from current levels. In a report released on January 6, Barclays also initiated coverage with a Buy rating on the stock with a $13.00 price target.

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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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