Wells Fargo raised the firm’s price target on Ryman Hospitality (RHP) to $101 from $99 and keeps an Overweight rating on the shares. The firm remains bullish on the stock after the company’s announced plans to acquire the JW Marriott Desert Ridge in AZ and subsequent equity/debt issuances. Ryman remains uniquely positioned within lodging as group exposure provides best-in-class earnings visibility, Wells adds.
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