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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Read More on RHP:
- Ryman’s Strategic Acquisitions and Market Positioning Justify Buy Rating
- Ryman Completes $275 Million Stock Offering
- Ryman Hospitality announces proposed $600M senior note offering
- Ryman Hospitality 2.6M share Spot Secondary priced at $96.20
- Strategic Acquisition Fuels Buy Rating for Ryman: JW Marriott Desert Ridge Deal Highlights Growth Potential
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