Raymond James Upgrades Park Hotels & Resorts to 'Strong Buy' Amid RevPAR Growth
Raymond James analyst RJ Milligan upgraded Park Hotels & Resorts (PK:NYSE) from Market Perform to Strong Buy, citing strong third-quarter revenue per available room (RevPAR) performance across the lodging REIT sector and expectations for continued growth. The upgrade reflects confidence in PK’s ability to deliver further upside despite recent gains. The analyst's move highlights optimism about the broader recovery of the hospitality industry as travel demand remains robust post-pandemic, with RevPAR serving as a key indicator of hotel performance. Park Hotels & Resorts is positioned well within this improving environment, according to Milligan.
Tickers: $PK
Topics: hotel industry REITs stock upgrade