Analysts fell to the sidelines weighing in on Park Hotels & Resorts Inc (NYSE:PK) and Hersha Hospitality Trust (NYSE:HT) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
Park Hotels & Resorts Inc (PK)
Evercore ISI analyst Richard Hightower downgraded Park Hotels & Resorts Inc to Hold today. The company’s shares closed on Friday at $32.91, close to its 52-week high of $33.14.
Hightower has an average return of 21.7% when recommending Park Hotels & Resorts Inc.
According to TipRanks.com, Hightower is ranked #2219 out of 4856 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Park Hotels & Resorts Inc with a $33.50 average price target, implying a 1.8% upside from current levels. In a report issued on August 13, Susquehanna also reiterated a Hold rating on the stock with a $34 price target.
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Hersha Hospitality Trust (HT)
Robert W. Baird analyst Michael Bellisario downgraded Hersha Hospitality Trust to Hold today. The company’s shares closed on Friday at $22.16, close to its 52-week high of $22.57.
According to TipRanks.com, Bellisario is a 4-star analyst with an average return of 10.0% and a 73.2% success rate. Bellisario covers the Financial sector, focusing on stocks such as Braemar Hotels & Resorts Inc, Ashford Hospitality Trust, and Lasalle Hotel Properties.
Hersha Hospitality Trust has an analyst consensus of Hold, with a price target consensus of $21.80.
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