Park Hotels & Resorts Inc. (NYSE:PK) is included among the 10 Best Stocks Under $15 to Buy Right Now.
On May 12, Morgan Stanley raised its price recommendation on Park Hotels & Resorts Inc. (NYSE:PK) to $10.50 from $10
It reiterated an Equal Weight rating on the shares. During the Q1 2026 earnings call, Chairman, President, and CEO Thomas Baltimore said the company delivered better-than-expected results. RevPAR increased 5.5% year over year, excluding the Royal Palm South Beach Hotel.
He credited the performance to continued strength in leisure demand across the company’s resort properties, along with solid corporate group demand. Baltimore also said the company recently sold the 396-room Hilton Seattle Airport Hotel for $18 million. According to him, total non-core asset sales for the year reached $31 million.