Airbnb shares dip as Truist cuts stock to Sell on weak summer trends, valuation [Yahoo! Finance Canada]

Park Hotels & Resorts Inc. (PK)
Last park hotels & resorts inc. earnings: 2/26 04:15 pm
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Source: Yahoo! Finance Canada
The brokerage also cut its price target to $106 from $112, warning that both U.S. and European demand appear weaker than investors currently anticipate. “We believe soft summer leisure trends, both for the U.S. and Europe (difficult y/y comp in Europe due to last summer's events) are not being fully anticipated by analysts and investors,” Truist analysts led by C. Patrick Scholes said in a note. They also flagged valuation as a headwind, noting they “do not believe the premium valuation multiple vs. other not too dissimilar asset-lite hospitality companies such as Hilton (NYSE:HLT) is fully deserved.” Truist's downgrade is part of a broader recalibration of expectations across the lodging sector, as analysts lower their 2025 Revenue per Available Room (RevPAR) forecasts. The broker sees third-quarter RevPAR down 3% to 1% for U.S. mid and upper-end hotels, below consensus estimates of flat growth. Limited service hotels are expected to perform worse, with RevPAR seen falling b
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PK
News
- Park Hotels & Resorts Inc. (NYSE: PK) had its price target raised by analysts at Wells Fargo & Company from $10.00 to $11.00. They now have an "equal weight" rating on the stock.MarketBeat
- Park Hotels & Resorts Inc. (NYSE: PK) is now covered by analysts at JPMorgan Chase & Co.. They set an "underweight" rating and a $10.00 price target on the stock.MarketBeat
- Park Hotels & Resorts: Deep Value, High Yield [Seeking Alpha]Seeking Alpha
- Park Hotels & Resorts Inc Could Be A Value Trap, Hold [Seeking Alpha]Seeking Alpha
- Park Hotels & Resorts Inc. Announces Second Quarter 2025 Earnings Conference Call on August 1, 2025 [Yahoo! Finance]Yahoo! Finance
PK
Earnings
- 5/5/25 - Beat
PK
Sec Filings
- 6/25/25 - Form 4
- 6/25/25 - Form 4
- 6/25/25 - Form 4
- PK's page on the SEC website