Park Hotels & Resorts (NYSE:PK) shares rose 1.0% in pre-market trading to $15.45 after BMO Capital Markets upgraded the lodging REIT to “Outperform” from “Market Perform” and increased its price target to $18 from $14.
The new target represents approximately 17.6% upside from the stock’s previous closing price, according to the supplied information. Analyst price targets represent estimates and do not indicate future share-price performance.
BMO cited Park Hotels & Resorts’ portfolio transformation and its outlook for demand as factors supporting its expectations through 2027. The firm also increased its forecast for 2026 revenue per available room, or RevPAR, growth to 4% from 2.9%.
Second-quarter results exceeded analyst estimates
The upgrade follows Park Hotels & Resorts’ second-quarter 2026 results, released in early August.
The company reported adjusted funds from operations of $0.70 per share, compared with a consensus estimate of $0.62. Revenue reached $680 million, exceeding analyst expectations of approximately $663 million.
Following the results, Cantor Fitzgerald increased its price target to $15 from $12 while maintaining a “Neutral” rating.
Wells Fargo also assumed coverage of the company with an “Equal Weight” rating and a $15 price target.
The differing ratings and price targets reflect the respective analysts’ assessments of the company and do not guarantee future performance.
Park prepares to address upcoming debt maturities
Park Hotels & Resorts entered into a $700 million delayed draw loan facility earlier this year.
Management indicated that the facility would be used in September 2026 to address upcoming debt maturities and extend the company’s overall maturity profile.
The impact of the financing on Park’s balance sheet and future financial position will depend on its eventual use and the company’s broader financing requirements.
Shares advance as broader U.S. market declines
Park Hotels & Resorts’ pre-market increase came as broader U.S. equity markets traded lower. The S&P 500 declined 0.5%, while the Nasdaq fell 1.0%.
Tuesday’s move followed BMO’s upgrade and higher price target, as well as the company’s August quarterly results and recent analyst actions.
While these developments provide context for the share-price movement, the information supplied does not establish the extent to which any individual factor caused the 1.0% pre-market increase.
Park Hotels & Resorts stock price
