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JP Morgan upgraded its rating of Ryman Hospitality Props (NYSE:RHP) to Neutral with a price target of $102.00, changing its price target from $89.00 to $102.00.
Shares of Ryman Hospitality Props are trading up 0.0% over the last 24 hours, at $108.55 per share.
A move to $102.00 would account for a 6.03% decline from the current share price.
Ryman Hospitality Properties Inc is a lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. Its core holdings are Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center. The company has three business segments: Hospitality, which includes Gaylord Hotels properties, the Inn at Opryland, and the AC Hotel, Entertainment which includes the entertainment and media assets comprising OEG, and Corporate and Other, which includes corporate expenses. It derives the vast majority of its revenue from its hospitality segment.
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Posted In: RHP
