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-0.000478927203065209 -0.000478927203065209 0.000957854406130248 0.00382183908045971 0.0062260536398467 0.00287356321839074 0.0043103448275862 0.00051724137931033
Stock impact report

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 Check Earnings Report
US:NYSE Investor Relations: pkhotelsandresorts.com
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 Show less Read more
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