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On Thursday, Park Hotels & Resorts Inc . (NYSE:) saw its stock rating upgraded from Hold to Buy by Jefferies, who also increased the company’s price target from $11.00 to $22.00.
The upgrade was based on the assessment that the risks previously associated with the company have subsided sufficiently to now view its leverage as a positive factor.
Jefferies analyst pointed out that the challenges Park Hotels faced due to its significant market exposure, particularly in…
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