Raymond James Lifts PT on Ryman Hospitality Properties (RHP) – Here’s Why

Ryman Hospitality Properties, Inc. (NYSE:RHP) is one of the top wonderful stocks to buy now. Raymond James lifted the price target on Ryman Hospitality Properties, Inc. (NYSE:RHP) to $125 from $120 on June 8 and reaffirmed an Outperform rating on the shares. The firm updated lodging REIT models following fiscal Q1 earnings, updated guidance, and recent updates from the NAREIT REIT Week conference.

BMO Capital Sees Earnings Upside for Ryman Hospitality (RHP) on Strong RevPAR Trends

Ryman Hospitality Properties, Inc. (NYSE:RHP) also received a rating update from BMO Capital on June 12. The firm lifted the price target on the stock to $137 from $125 and maintained an Outperform rating on the shares. The rating update came as part of a broader research note on the Gaming and Lodging names, with the firm telling investors in a research note that World Cup anticipation has taken a back seat to strong RevPAR performance that suggests upside to fiscal Q2 results and outlooks even if World Cup upside fails to materialize. The firm further stated that at this point, World Cup expectations are fairly low and hotel prices have continued to moderate, moving lower at 70% of lodging REIT hotels since April.

Ryman Hospitality Properties, Inc. (NYSE:RHP) is a real estate investment trust that owns and operates group-oriented, destination hotel assets in urban and resort markets. The company’s operations are divided into the following segments: Hospitality, Entertainment, and Corporate and Other.

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