Park Hotels & Resorts (PK) Price Target Raised to $10.50 at Morgan Stanley
Morgan Stanley raised its price target on Park Hotels & Resorts (PK) to $10.50 from $10, maintaining an Equal Weight rating after the company reported better-than-expected Q1 2026 results with RevPAR up 5.5%.
Morgan Stanley raised its price target on Park Hotels & Resorts (PK) to $10.50 from $10, reiterating an Equal Weight rating on the stock. The revision follows the company's Q1 2026 earnings report, which showed better-than-expected performance.
Park Hotels & Resorts, a real estate investment trust (REIT) focused on lodging, reported a 5.5% increase in RevPAR (revenue per available room) year over year, excluding the Royal Palm South Beach Hotel. Chairman, President, and CEO Thomas Baltimore attributed the strength to continued leisure demand at resort properties and solid corporate group bookings. The company also recently sold a 396-room hotel, though details were not disclosed. For traders tracking the hospitality sector, the NowPrice commodities page provides real-time pricing on key inputs like oil and gas, which influence travel costs.
Investors will watch for further updates on hotel sales and capital allocation, as well as trends in leisure and corporate travel demand. The broader lodging REIT sector may also react to upcoming economic data, including employment reports and consumer spending figures, which drive travel activity. Morgan Stanley's maintained Equal Weight rating suggests a neutral stance, leaving room for upside if RevPAR growth accelerates or if the company executes on asset sales.