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Ryman’s Resilient Growth: Buy Rating Supported by Strong 2025 FFO Guidance and Promising Outlook

Ryman’s Resilient Growth: Buy Rating Supported by Strong 2025 FFO Guidance and Promising Outlook

BMO Capital analyst Ari Klein maintained a Buy rating on Ryman (RHPResearch Report) today and set a price target of $125.00.

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Ari Klein has given his Buy rating due to a combination of factors illustrating Ryman’s positive outlook. Although the company’s Q4 performance was somewhat dampened by a weaker leisure segment, the 2025 EBITDA guidance, despite being below the consensus, remains within an acceptable range, indicating resilience amid broader industry expense challenges. The acceleration in group revenue pace from 2% to 3% and an improved RevPAR outlook highlight a promising trajectory, even though out-of-room spend expectations may be subdued.
A key driver is the robust 2025 adjusted FFO guidance, which surpasses consensus estimates, and the consistent booking activity, with room nights for future periods showing a year-on-year increase. Additionally, Ryman’s Entertainment segment is projected to see an EBITDA growth of 8.8% in 2025, aligning well with expectations and benefiting from renovations and developments. These factors, coupled with strong growth prospects for 2026 and 2027, underpin Klein’s positive assessment and Buy rating for Ryman.

In another report released on February 18, Wells Fargo also maintained a Buy rating on the stock with a $122.00 price target.

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